Miami-Fort Lauderdale, Florida priced at $1,000,000,000 in 1985 $3,242,633,228.84 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($1,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 224.26% higher in 2024 versus 1985 (a $2,242,633,228.84 difference in value).

Between 1985 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 $1,000,000,000 in the year 1985 would cost $3,242,633,228.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is below the average yearly change for miami-fort lauderdale, florida during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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 $1,000,000,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,000,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$1,000,000,000.002.82%
1986$1,014,576,802.511.46%
1987$1,050,156,739.813.51%
1988$1,096,708,463.954.43%
1989$1,141,379,310.344.07%
1990$1,200,783,699.065.20%
1991$1,243,103,448.283.52%
1992$1,263,636,363.641.65%
1993$1,307,210,031.353.45%
1994$1,348,275,862.073.14%
1995$1,398,119,122.263.70%
1996$1,442,633,228.843.18%
1997$1,489,498,432.603.25%
1998$1,508,934,169.281.30%
1999$1,526,253,918.501.15%
2000$1,576,724,137.933.31%
2001$1,625,705,329.153.11%
2002$1,649,059,561.131.44%
2003$1,696,786,833.862.89%
2004$1,742,319,749.222.68%
2005$1,824,137,931.034.70%
2006$1,914,733,542.324.97%
2007$1,992,724,921.634.07%
2008$2,088,524,294.674.81%
2009$2,080,202,978.06-0.40%
2010$2,096,989,028.210.81%
2011$2,168,325,235.113.40%
2012$2,210,721,786.831.96%
2013$2,238,211,598.751.24%
2014$2,285,375,391.852.11%
2015$2,307,988,244.510.99%
2016$2,347,996,865.201.73%
2017$2,410,688,871.472.67%
2018$2,492,140,282.133.38%
2019$2,535,801,724.141.75%
2020$2,559,173,981.190.92%
2021$2,664,310,344.834.11%
2022$2,916,891,849.539.48%
2023$3,150,138,714.738.00%
2024$3,242,633,228.842.94%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 106.333 in the year 1985 and 344.800 in 2024:

344.800 / 106.333 * $1,000,000,000 = $3,242,633,228.84

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000,000 in 1985 has the same "purchasing power" as $3,242,633,228.84 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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