Miami-Fort Lauderdale, Florida priced at $15 in 1985 $48.36 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($15)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222.39% higher in 2024 versus 1985 (a $33.36 difference in value).

Between 1985 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.05% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $15 in the year 1985 would cost $48.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% 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%).

View price changes for other categories
Milk · Parking fees and tolls · Bread · Rent of primary residence · More

Buying power of $15.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $15 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$15.002.82%
1986$15.221.46%
1987$15.753.51%
1988$16.454.43%
1989$17.124.07%
1990$18.015.20%
1991$18.653.52%
1992$18.951.65%
1993$19.613.45%
1994$20.223.14%
1995$20.973.70%
1996$21.643.18%
1997$22.343.25%
1998$22.631.30%
1999$22.891.15%
2000$23.653.31%
2001$24.393.11%
2002$24.741.44%
2003$25.452.89%
2004$26.132.68%
2005$27.364.70%
2006$28.724.97%
2007$29.894.07%
2008$31.334.81%
2009$31.20-0.40%
2010$31.450.81%
2011$32.523.40%
2012$33.161.96%
2013$33.571.24%
2014$34.282.11%
2015$34.620.99%
2016$35.221.73%
2017$36.162.67%
2018$37.383.38%
2019$38.041.75%
2020$38.390.92%
2021$39.964.11%
2022$43.759.48%
2023$47.258.00%
2024$48.362.34%*

* 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 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 342.805 in 2024:

342.805 / 106.333 * $15 = $48.36

Therefore, according to U.S. Bureau of Labor Statistics, $15 in 1985 has the same "purchasing power" as $48.36 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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