Miami-Fort Lauderdale, Florida priced at $11,000,000 in 1984 $36,674,939.56 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1984-2024 ($11,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 233.41% higher in 2024 versus 1984 (a $25,674,939.56 difference in value).

Between 1984 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 $11,000,000 in the year 1984 would cost $36,674,939.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1984: Pricing changed by 3.75%, which is above the average yearly change for miami-fort lauderdale, florida during the 1984-2024 time period. Compared to inflation for all items in 1984 (4.30%), inflation for miami-fort lauderdale, florida was lower.

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
San Francisco, California · Educational books and supplies · Alcoholic beverages · San Diego, California · More

Buying power of $11,000,000.00 since 1984

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $11,000,000 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$11,000,000.003.75%
1985$11,310,233.682.82%
1986$11,475,100.731.46%
1987$11,877,518.133.51%
1988$12,404,029.014.43%
1989$12,909,266.724.07%
1990$13,581,144.245.20%
1991$14,059,790.493.52%
1992$14,292,022.561.65%
1993$14,784,850.933.45%
1994$15,249,315.073.14%
1995$15,813,053.993.70%
1996$16,316,518.943.18%
1997$16,846,575.343.25%
1998$17,066,398.071.30%
1999$17,262,288.481.15%
2000$17,833,118.453.31%
2001$18,387,107.173.11%
2002$18,651,248.991.44%
2003$19,191,055.602.89%
2004$19,706,043.512.68%
2005$20,631,426.274.70%
2006$21,656,083.804.97%
2007$22,538,184.534.07%
2008$23,621,697.824.81%
2009$23,527,581.79-0.40%
2010$23,717,435.940.81%
2011$24,524,265.113.40%
2012$25,003,780.021.96%
2013$25,314,696.211.24%
2014$25,848,129.732.11%
2015$26,103,886.380.99%
2016$26,556,393.231.73%
2017$27,265,454.472.67%
2018$28,186,688.963.38%
2019$28,680,510.071.75%
2020$28,944,855.760.92%
2021$30,133,972.604.11%
2022$32,990,728.449.48%
2023$35,628,805.008.00%
2024$36,674,939.562.94%*

* 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 1984 * 1984 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 103.417 in the year 1984 and 344.800 in 2024:

344.800 / 103.417 * $11,000,000 = $36,674,939.56

Therefore, according to U.S. Bureau of Labor Statistics, $11,000,000 in 1984 has the same "purchasing power" as $36,674,939.56 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.

» Read more about inflation and investment.