Miami-Fort Lauderdale, Florida priced at $48,000,000 in 1985 $154,745,830.72 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($48,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222.39% higher in 2024 versus 1985 (a $106,745,830.72 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 $48,000,000 in the year 1985 would cost $154,745,830.72 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 $48,000,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $48,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$48,000,000.002.82%
1986$48,699,686.521.46%
1987$50,407,523.513.51%
1988$52,642,006.274.43%
1989$54,786,206.904.07%
1990$57,637,617.555.20%
1991$59,668,965.523.52%
1992$60,654,545.451.65%
1993$62,746,081.503.45%
1994$64,717,241.383.14%
1995$67,109,717.873.70%
1996$69,246,394.983.18%
1997$71,495,924.763.25%
1998$72,428,840.131.30%
1999$73,260,188.091.15%
2000$75,682,758.623.31%
2001$78,033,855.803.11%
2002$79,154,858.931.44%
2003$81,445,768.032.89%
2004$83,631,347.962.68%
2005$87,558,620.694.70%
2006$91,907,210.034.97%
2007$95,650,796.244.07%
2008$100,249,166.144.81%
2009$99,849,742.95-0.40%
2010$100,655,473.350.81%
2011$104,079,611.293.40%
2012$106,114,645.771.96%
2013$107,434,156.741.24%
2014$109,698,018.812.11%
2015$110,783,435.740.99%
2016$112,703,849.531.73%
2017$115,713,065.832.67%
2018$119,622,733.543.38%
2019$121,718,482.761.75%
2020$122,840,351.100.92%
2021$127,886,896.554.11%
2022$140,010,808.789.48%
2023$151,206,658.318.00%
2024$154,745,830.722.34%*

* 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 * $48,000,000 = $154,745,830.72

Therefore, according to U.S. Bureau of Labor Statistics, $48,000,000 in 1985 has the same "purchasing power" as $154,745,830.72 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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