Miami-Fort Lauderdale, Florida priced at $20 in 1983 $68.78 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1983-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 243.89% higher in 2024 versus 1983 (a $48.78 difference in value).

Between 1983 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 $20 in the year 1983 would cost $68.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1983: Pricing changed by 3.23%, which is above the average yearly change for miami-fort lauderdale, florida during the 1983-2024 time period. Compared to inflation for all items in 1983 (3.21%), 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
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Buying power of $20.00 since 1983

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$20.003.23%
1984$20.753.75%
1985$21.332.82%
1986$21.651.46%
1987$22.403.51%
1988$23.404.43%
1989$24.354.07%
1990$25.625.20%
1991$26.523.52%
1992$26.961.65%
1993$27.893.45%
1994$28.763.14%
1995$29.833.70%
1996$30.783.18%
1997$31.783.25%
1998$32.191.30%
1999$32.561.15%
2000$33.643.31%
2001$34.683.11%
2002$35.181.44%
2003$36.202.89%
2004$37.172.68%
2005$38.924.70%
2006$40.854.97%
2007$42.514.07%
2008$44.564.81%
2009$44.38-0.40%
2010$44.740.81%
2011$46.263.40%
2012$47.161.96%
2013$47.751.24%
2014$48.762.11%
2015$49.240.99%
2016$50.091.73%
2017$51.432.67%
2018$53.173.38%
2019$54.101.75%
2020$54.600.92%
2021$56.844.11%
2022$62.239.48%
2023$67.218.00%
2024$68.782.34%*

* 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 1983 * 1983 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 99.683 in the year 1983 and 342.805 in 2024:

342.805 / 99.683 * $20 = $68.78

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1983 has the same "purchasing power" as $68.78 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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