Miami-Fort Lauderdale, Florida priced at $24.95 in 1985 $80.44 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($24.95)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222.39% higher in 2024 versus 1985 (a $55.49 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 $24.95 in the year 1985 would cost $80.44 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%).

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Buying power of $24.95 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $24.95 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$24.952.82%
1986$25.311.46%
1987$26.203.51%
1988$27.364.43%
1989$28.484.07%
1990$29.965.20%
1991$31.023.52%
1992$31.531.65%
1993$32.613.45%
1994$33.643.14%
1995$34.883.70%
1996$35.993.18%
1997$37.163.25%
1998$37.651.30%
1999$38.081.15%
2000$39.343.31%
2001$40.563.11%
2002$41.141.44%
2003$42.332.89%
2004$43.472.68%
2005$45.514.70%
2006$47.774.97%
2007$49.724.07%
2008$52.114.81%
2009$51.90-0.40%
2010$52.320.81%
2011$54.103.40%
2012$55.161.96%
2013$55.841.24%
2014$57.022.11%
2015$57.580.99%
2016$58.581.73%
2017$60.152.67%
2018$62.183.38%
2019$63.271.75%
2020$63.850.92%
2021$66.474.11%
2022$72.789.48%
2023$78.608.00%
2024$80.442.34%*

* 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 * $24.95 = $80.44

Therefore, according to U.S. Bureau of Labor Statistics, $24.95 in 1985 has the same "purchasing power" as $80.44 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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