Miami-Fort Lauderdale, Florida priced at $5.79 in 1981 $22.05 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($5.79)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $16.26 difference in value).

Between 1981 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $5.79 in the year 1981 would cost $22.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1981: Pricing changed by 11.39%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1981-2024 time period. Compared to inflation for all items in 1981 (10.33%), inflation for miami-fort lauderdale, florida was higher.

Price Inflation for Miami-Fort Lauderdale, Florida since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (14.04%), 1981 (11.39%), and 1979 (9.70%).

View price changes for other categories
Alcoholic beverages · Juices and nonalcoholic drinks · Film and photographic supplies · Frankfurters · More

Buying power of $5.79 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5.79 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$5.7911.39%
1982$6.217.30%
1983$6.413.23%
1984$6.653.75%
1985$6.842.82%
1986$6.941.46%
1987$7.183.51%
1988$7.504.43%
1989$7.814.07%
1990$8.215.20%
1991$8.503.52%
1992$8.641.65%
1993$8.943.45%
1994$9.223.14%
1995$9.563.70%
1996$9.873.18%
1997$10.193.25%
1998$10.321.30%
1999$10.441.15%
2000$10.793.31%
2001$11.123.11%
2002$11.281.44%
2003$11.612.89%
2004$11.922.68%
2005$12.484.70%
2006$13.104.97%
2007$13.634.07%
2008$14.294.81%
2009$14.23-0.40%
2010$14.350.81%
2011$14.833.40%
2012$15.121.96%
2013$15.311.24%
2014$15.632.11%
2015$15.790.99%
2016$16.061.73%
2017$16.492.67%
2018$17.053.38%
2019$17.351.75%
2020$17.510.92%
2021$18.234.11%
2022$19.959.48%
2023$21.558.00%
2024$22.052.34%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965342.805

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1981 * 1981 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 90.000 in the year 1981 and 342.805 in 2024:

342.805 / 90.000 * $5.79 = $22.05

Therefore, according to U.S. Bureau of Labor Statistics, $5.79 in 1981 has the same "purchasing power" as $22.05 in 2024 (in the CPI category of Miami-Fort Lauderdale, Florida).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Miami-Fort Lauderdale, Florida in 1977. In addition to miami-fort lauderdale, florida, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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