Miami-Fort Lauderdale, Florida priced at $300 in 1985 $967.16 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($300)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222.39% higher in 2024 versus 1985 (a $667.16 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 $300 in the year 1985 would cost $967.16 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
Airline fares · Alcoholic beverages · Indoor plants and flowers · Fish and seafood · More

Buying power of $300.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $300 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$300.002.82%
1986$304.371.46%
1987$315.053.51%
1988$329.014.43%
1989$342.414.07%
1990$360.245.20%
1991$372.933.52%
1992$379.091.65%
1993$392.163.45%
1994$404.483.14%
1995$419.443.70%
1996$432.793.18%
1997$446.853.25%
1998$452.681.30%
1999$457.881.15%
2000$473.023.31%
2001$487.713.11%
2002$494.721.44%
2003$509.042.89%
2004$522.702.68%
2005$547.244.70%
2006$574.424.97%
2007$597.824.07%
2008$626.564.81%
2009$624.06-0.40%
2010$629.100.81%
2011$650.503.40%
2012$663.221.96%
2013$671.461.24%
2014$685.612.11%
2015$692.400.99%
2016$704.401.73%
2017$723.212.67%
2018$747.643.38%
2019$760.741.75%
2020$767.750.92%
2021$799.294.11%
2022$875.079.48%
2023$945.048.00%
2024$967.162.34%*

* 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 * $300 = $967.16

Therefore, according to U.S. Bureau of Labor Statistics, $300 in 1985 has the same "purchasing power" as $967.16 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.

» Read more about inflation and investment.