Miami-Fort Lauderdale, Florida priced at $5 in 1986 $15.89 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1986-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 217.76% higher in 2024 versus 1986 (a $10.89 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 $5 in the year 1986 would cost $15.89 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%).

View price changes for other categories
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Buying power of $5.00 since 1986

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$5.001.46%
1987$5.183.51%
1988$5.404.43%
1989$5.624.07%
1990$5.925.20%
1991$6.133.52%
1992$6.231.65%
1993$6.443.45%
1994$6.643.14%
1995$6.893.70%
1996$7.113.18%
1997$7.343.25%
1998$7.441.30%
1999$7.521.15%
2000$7.773.31%
2001$8.013.11%
2002$8.131.44%
2003$8.362.89%
2004$8.592.68%
2005$8.994.70%
2006$9.444.97%
2007$9.824.07%
2008$10.294.81%
2009$10.25-0.40%
2010$10.330.81%
2011$10.693.40%
2012$10.891.96%
2013$11.031.24%
2014$11.262.11%
2015$11.370.99%
2016$11.571.73%
2017$11.882.67%
2018$12.283.38%
2019$12.501.75%
2020$12.610.92%
2021$13.134.11%
2022$14.379.48%
2023$15.528.00%
2024$15.892.34%*

* 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 * $5 = $15.89

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1986 has the same "purchasing power" as $15.89 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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