Miami-Fort Lauderdale, Florida priced at $3.50 in 1986 $11.12 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1986-2024 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 217.76% higher in 2024 versus 1986 (a $7.62 difference in value).

Between 1986 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $3.50 in the year 1986 would cost $11.12 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.77% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1986: Pricing changed by 1.46%, which is below the average yearly change for miami-fort lauderdale, florida during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), 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%).

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Buying power of $3.50 since 1986

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3.50 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$3.501.46%
1987$3.623.51%
1988$3.784.43%
1989$3.944.07%
1990$4.145.20%
1991$4.293.52%
1992$4.361.65%
1993$4.513.45%
1994$4.653.14%
1995$4.823.70%
1996$4.983.18%
1997$5.143.25%
1998$5.211.30%
1999$5.271.15%
2000$5.443.31%
2001$5.613.11%
2002$5.691.44%
2003$5.852.89%
2004$6.012.68%
2005$6.294.70%
2006$6.614.97%
2007$6.874.07%
2008$7.204.81%
2009$7.18-0.40%
2010$7.230.81%
2011$7.483.40%
2012$7.631.96%
2013$7.721.24%
2014$7.882.11%
2015$7.960.99%
2016$8.101.73%
2017$8.322.67%
2018$8.603.38%
2019$8.751.75%
2020$8.830.92%
2021$9.194.11%
2022$10.069.48%
2023$10.878.00%
2024$11.122.34%*

* 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 1986 * 1986 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 107.883 in the year 1986 and 342.805 in 2024:

342.805 / 107.883 * $3.50 = $11.12

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 1986 has the same "purchasing power" as $11.12 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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