Miami-Fort Lauderdale, Florida priced at $7.42 in 1982 $26.34 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1982-2024 ($7.42)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 254.99% higher in 2024 versus 1982 (a $18.92 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 $7.42 in the year 1982 would cost $26.34 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% 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 $7.42 since 1982

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7.42 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1982$7.427.30%
1983$7.663.23%
1984$7.953.75%
1985$8.172.82%
1986$8.291.46%
1987$8.583.51%
1988$8.964.43%
1989$9.334.07%
1990$9.815.20%
1991$10.163.52%
1992$10.321.65%
1993$10.683.45%
1994$11.023.14%
1995$11.423.70%
1996$11.793.18%
1997$12.173.25%
1998$12.331.30%
1999$12.471.15%
2000$12.883.31%
2001$13.283.11%
2002$13.471.44%
2003$13.862.89%
2004$14.242.68%
2005$14.904.70%
2006$15.644.97%
2007$16.284.07%
2008$17.064.81%
2009$17.00-0.40%
2010$17.130.81%
2011$17.723.40%
2012$18.061.96%
2013$18.291.24%
2014$18.672.11%
2015$18.860.99%
2016$19.181.73%
2017$19.702.67%
2018$20.363.38%
2019$20.721.75%
2020$20.910.92%
2021$21.774.11%
2022$23.839.48%
2023$25.748.00%
2024$26.342.34%*

* 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 * $7.42 = $26.34

Therefore, according to U.S. Bureau of Labor Statistics, $7.42 in 1982 has the same "purchasing power" as $26.34 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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