Miami-Fort Lauderdale, Florida priced at $7,800 in 1985 $25,292.54 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($7,800)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 224.26% higher in 2024 versus 1985 (a $17,492.54 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 $7,800 in the year 1985 would cost $25,292.54 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
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Buying power of $7,800.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7,800 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$7,800.002.82%
1986$7,913.701.46%
1987$8,191.223.51%
1988$8,554.334.43%
1989$8,902.764.07%
1990$9,366.115.20%
1991$9,696.213.52%
1992$9,856.361.65%
1993$10,196.243.45%
1994$10,516.553.14%
1995$10,905.333.70%
1996$11,252.543.18%
1997$11,618.093.25%
1998$11,769.691.30%
1999$11,904.781.15%
2000$12,298.453.31%
2001$12,680.503.11%
2002$12,862.661.44%
2003$13,234.942.89%
2004$13,590.092.68%
2005$14,228.284.70%
2006$14,934.924.97%
2007$15,543.254.07%
2008$16,290.494.81%
2009$16,225.58-0.40%
2010$16,356.510.81%
2011$16,912.943.40%
2012$17,243.631.96%
2013$17,458.051.24%
2014$17,825.932.11%
2015$18,002.310.99%
2016$18,314.381.73%
2017$18,803.372.67%
2018$19,438.693.38%
2019$19,779.251.75%
2020$19,961.560.92%
2021$20,781.624.11%
2022$22,751.769.48%
2023$24,571.088.00%
2024$25,292.542.94%*

* 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 * $7,800 = $25,292.54

Therefore, according to U.S. Bureau of Labor Statistics, $7,800 in 1985 has the same "purchasing power" as $25,292.54 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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