Miami-Fort Lauderdale, Florida priced at $5.97 in 1984 $19.79 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1984-2024 ($5.97)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 231.48% higher in 2024 versus 1984 (a $13.82 difference in value).

Between 1984 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $5.97 in the year 1984 would cost $19.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.77% 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%).

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Buying power of $5.97 since 1984

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5.97 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$5.973.75%
1985$6.142.82%
1986$6.231.46%
1987$6.453.51%
1988$6.734.43%
1989$7.014.07%
1990$7.375.20%
1991$7.633.52%
1992$7.761.65%
1993$8.023.45%
1994$8.283.14%
1995$8.583.70%
1996$8.863.18%
1997$9.143.25%
1998$9.261.30%
1999$9.371.15%
2000$9.683.31%
2001$9.983.11%
2002$10.121.44%
2003$10.422.89%
2004$10.702.68%
2005$11.204.70%
2006$11.754.97%
2007$12.234.07%
2008$12.824.81%
2009$12.77-0.40%
2010$12.870.81%
2011$13.313.40%
2012$13.571.96%
2013$13.741.24%
2014$14.032.11%
2015$14.170.99%
2016$14.411.73%
2017$14.802.67%
2018$15.303.38%
2019$15.571.75%
2020$15.710.92%
2021$16.354.11%
2022$17.909.48%
2023$19.348.00%
2024$19.792.34%*

* 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 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 342.805 in 2024:

342.805 / 103.417 * $5.97 = $19.79

Therefore, according to U.S. Bureau of Labor Statistics, $5.97 in 1984 has the same "purchasing power" as $19.79 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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