Miami-Fort Lauderdale, Florida priced at $5 in 1982 $17.75 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1982-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 254.99% higher in 2024 versus 1982 (a $12.75 difference in value).

Between 1982 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $5 in the year 1982 would cost $17.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.82% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1982: Pricing changed by 7.30%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1982-2024 time period. Compared to inflation for all items in 1982 (6.13%), 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%).

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Buying power of $5.00 since 1982

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1982$5.007.30%
1983$5.163.23%
1984$5.353.75%
1985$5.512.82%
1986$5.591.46%
1987$5.783.51%
1988$6.044.43%
1989$6.284.07%
1990$6.615.20%
1991$6.843.52%
1992$6.961.65%
1993$7.203.45%
1994$7.423.14%
1995$7.703.70%
1996$7.943.18%
1997$8.203.25%
1998$8.311.30%
1999$8.401.15%
2000$8.683.31%
2001$8.953.11%
2002$9.081.44%
2003$9.342.89%
2004$9.592.68%
2005$10.044.70%
2006$10.544.97%
2007$10.974.07%
2008$11.504.81%
2009$11.45-0.40%
2010$11.550.81%
2011$11.943.40%
2012$12.171.96%
2013$12.321.24%
2014$12.582.11%
2015$12.710.99%
2016$12.931.73%
2017$13.272.67%
2018$13.723.38%
2019$13.961.75%
2020$14.090.92%
2021$14.674.11%
2022$16.069.48%
2023$17.348.00%
2024$17.752.34%*

* 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 1982 * 1982 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 96.567 in the year 1982 and 342.805 in 2024:

342.805 / 96.567 * $5 = $17.75

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1982 has the same "purchasing power" as $17.75 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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