Miami-Fort Lauderdale, Florida priced at $11,000,000 in 1985 $35,668,965.52 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($11,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 224.26% higher in 2024 versus 1985 (a $24,668,965.52 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 $11,000,000 in the year 1985 would cost $35,668,965.52 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 $11,000,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $11,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$11,000,000.002.82%
1986$11,160,344.831.46%
1987$11,551,724.143.51%
1988$12,063,793.104.43%
1989$12,555,172.414.07%
1990$13,208,620.695.20%
1991$13,674,137.933.52%
1992$13,900,000.001.65%
1993$14,379,310.343.45%
1994$14,831,034.483.14%
1995$15,379,310.343.70%
1996$15,868,965.523.18%
1997$16,384,482.763.25%
1998$16,598,275.861.30%
1999$16,788,793.101.15%
2000$17,343,965.523.31%
2001$17,882,758.623.11%
2002$18,139,655.171.44%
2003$18,664,655.172.89%
2004$19,165,517.242.68%
2005$20,065,517.244.70%
2006$21,062,068.974.97%
2007$21,919,974.144.07%
2008$22,973,767.244.81%
2009$22,882,232.76-0.40%
2010$23,066,879.310.81%
2011$23,851,577.593.40%
2012$24,317,939.661.96%
2013$24,620,327.591.24%
2014$25,139,129.312.11%
2015$25,387,870.690.99%
2016$25,827,965.521.73%
2017$26,517,577.592.67%
2018$27,413,543.103.38%
2019$27,893,818.971.75%
2020$28,150,913.790.92%
2021$29,307,413.794.11%
2022$32,085,810.349.48%
2023$34,651,525.868.00%
2024$35,668,965.522.94%*

* 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 * $11,000,000 = $35,668,965.52

Therefore, according to U.S. Bureau of Labor Statistics, $11,000,000 in 1985 has the same "purchasing power" as $35,668,965.52 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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