Miami-Fort Lauderdale, Florida priced at $7 in 1982 $24.99 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1982-2024 ($7)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 257.06% higher in 2024 versus 1982 (a $17.99 difference in value).

Between 1982 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $7 in the year 1982 would cost $24.99 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% 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 $7.00 since 1982

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1982$7.007.30%
1983$7.233.23%
1984$7.503.75%
1985$7.712.82%
1986$7.821.46%
1987$8.093.51%
1988$8.454.43%
1989$8.804.07%
1990$9.265.20%
1991$9.583.52%
1992$9.741.65%
1993$10.083.45%
1994$10.393.14%
1995$10.783.70%
1996$11.123.18%
1997$11.483.25%
1998$11.631.30%
1999$11.761.15%
2000$12.153.31%
2001$12.533.11%
2002$12.711.44%
2003$13.082.89%
2004$13.432.68%
2005$14.064.70%
2006$14.764.97%
2007$15.364.07%
2008$16.104.81%
2009$16.03-0.40%
2010$16.160.81%
2011$16.713.40%
2012$17.041.96%
2013$17.251.24%
2014$17.622.11%
2015$17.790.99%
2016$18.101.73%
2017$18.582.67%
2018$19.213.38%
2019$19.551.75%
2020$19.730.92%
2021$20.544.11%
2022$22.489.48%
2023$24.288.00%
2024$24.992.94%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965344.800

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 344.800 in 2024:

344.800 / 96.567 * $7 = $24.99

Therefore, according to U.S. Bureau of Labor Statistics, $7 in 1982 has the same "purchasing power" as $24.99 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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