Miami-Fort Lauderdale, Florida priced at $60,000,000 in 1985 $193,432,288.40 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($60,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222.39% higher in 2024 versus 1985 (a $133,432,288.40 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 $60,000,000 in the year 1985 would cost $193,432,288.40 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 $60,000,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $60,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$60,000,000.002.82%
1986$60,874,608.151.46%
1987$63,009,404.393.51%
1988$65,802,507.844.43%
1989$68,482,758.624.07%
1990$72,047,021.945.20%
1991$74,586,206.903.52%
1992$75,818,181.821.65%
1993$78,432,601.883.45%
1994$80,896,551.723.14%
1995$83,887,147.343.70%
1996$86,557,993.733.18%
1997$89,369,905.963.25%
1998$90,536,050.161.30%
1999$91,575,235.111.15%
2000$94,603,448.283.31%
2001$97,542,319.753.11%
2002$98,943,573.671.44%
2003$101,807,210.032.89%
2004$104,539,184.952.68%
2005$109,448,275.864.70%
2006$114,884,012.544.97%
2007$119,563,495.304.07%
2008$125,311,457.684.81%
2009$124,812,178.68-0.40%
2010$125,819,341.690.81%
2011$130,099,514.113.40%
2012$132,643,307.211.96%
2013$134,292,695.921.24%
2014$137,122,523.512.11%
2015$138,479,294.670.99%
2016$140,879,811.911.73%
2017$144,641,332.292.67%
2018$149,528,416.933.38%
2019$152,148,103.451.75%
2020$153,550,438.870.92%
2021$159,858,620.694.11%
2022$175,013,510.979.48%
2023$189,008,322.888.00%
2024$193,432,288.402.34%*

* 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 * $60,000,000 = $193,432,288.40

Therefore, according to U.S. Bureau of Labor Statistics, $60,000,000 in 1985 has the same "purchasing power" as $193,432,288.40 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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