Miami-Fort Lauderdale, Florida priced at $32,000,000 in 1985 $103,163,887.15 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($32,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222.39% higher in 2024 versus 1985 (a $71,163,887.15 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 $32,000,000 in the year 1985 would cost $103,163,887.15 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
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Buying power of $32,000,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $32,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$32,000,000.002.82%
1986$32,466,457.681.46%
1987$33,605,015.673.51%
1988$35,094,670.854.43%
1989$36,524,137.934.07%
1990$38,425,078.375.20%
1991$39,779,310.343.52%
1992$40,436,363.641.65%
1993$41,830,721.003.45%
1994$43,144,827.593.14%
1995$44,739,811.913.70%
1996$46,164,263.323.18%
1997$47,663,949.843.25%
1998$48,285,893.421.30%
1999$48,840,125.391.15%
2000$50,455,172.413.31%
2001$52,022,570.533.11%
2002$52,769,905.961.44%
2003$54,297,178.682.89%
2004$55,754,231.972.68%
2005$58,372,413.794.70%
2006$61,271,473.354.97%
2007$63,767,197.494.07%
2008$66,832,777.434.81%
2009$66,566,495.30-0.40%
2010$67,103,648.900.81%
2011$69,386,407.523.40%
2012$70,743,097.181.96%
2013$71,622,771.161.24%
2014$73,132,012.542.11%
2015$73,855,623.820.99%
2016$75,135,899.691.73%
2017$77,142,043.892.67%
2018$79,748,489.033.38%
2019$81,145,655.171.75%
2020$81,893,567.400.92%
2021$85,257,931.034.11%
2022$93,340,539.189.48%
2023$100,804,438.878.00%
2024$103,163,887.152.34%*

* 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 * $32,000,000 = $103,163,887.15

Therefore, according to U.S. Bureau of Labor Statistics, $32,000,000 in 1985 has the same "purchasing power" as $103,163,887.15 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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