Miami-Fort Lauderdale, Florida priced at $5,299 in 1985 $17,182.71 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($5,299)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 224.26% higher in 2024 versus 1985 (a $11,883.71 difference in value).

Between 1985 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $5,299 in the year 1985 would cost $17,182.71 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% 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
Denver, Colorado · Parking fees and tolls · Food · Wine at home · More

Buying power of $5,299.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5,299 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,299.002.82%
1986$5,376.241.46%
1987$5,564.783.51%
1988$5,811.464.43%
1989$6,048.174.07%
1990$6,362.955.20%
1991$6,587.213.52%
1992$6,696.011.65%
1993$6,926.913.45%
1994$7,144.513.14%
1995$7,408.633.70%
1996$7,644.513.18%
1997$7,892.853.25%
1998$7,995.841.30%
1999$8,087.621.15%
2000$8,355.063.31%
2001$8,614.613.11%
2002$8,738.371.44%
2003$8,991.272.89%
2004$9,232.552.68%
2005$9,666.114.70%
2006$10,146.174.97%
2007$10,559.454.07%
2008$11,067.094.81%
2009$11,023.00-0.40%
2010$11,111.940.81%
2011$11,489.963.40%
2012$11,714.611.96%
2013$11,860.281.24%
2014$12,110.202.11%
2015$12,230.030.99%
2016$12,442.041.73%
2017$12,774.242.67%
2018$13,205.853.38%
2019$13,437.211.75%
2020$13,561.060.92%
2021$14,118.184.11%
2022$15,456.619.48%
2023$16,692.598.00%
2024$17,182.712.94%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965344.800

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 344.800 in 2024:

344.800 / 106.333 * $5,299 = $17,182.71

Therefore, according to U.S. Bureau of Labor Statistics, $5,299 in 1985 has the same "purchasing power" as $17,182.71 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.