Miami-Fort Lauderdale, Florida priced at $7.42 in 1986 $23.58 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1986-2024 ($7.42)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 217.76% higher in 2024 versus 1986 (a $16.16 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 $7.42 in the year 1986 would cost $23.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% 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 $7.42 since 1986

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7.42 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$7.421.46%
1987$7.683.51%
1988$8.024.43%
1989$8.354.07%
1990$8.785.20%
1991$9.093.52%
1992$9.241.65%
1993$9.563.45%
1994$9.863.14%
1995$10.223.70%
1996$10.553.18%
1997$10.893.25%
1998$11.041.30%
1999$11.161.15%
2000$11.533.31%
2001$11.893.11%
2002$12.061.44%
2003$12.412.89%
2004$12.742.68%
2005$13.344.70%
2006$14.004.97%
2007$14.574.07%
2008$15.274.81%
2009$15.21-0.40%
2010$15.340.81%
2011$15.863.40%
2012$16.171.96%
2013$16.371.24%
2014$16.712.11%
2015$16.880.99%
2016$17.171.73%
2017$17.632.67%
2018$18.233.38%
2019$18.551.75%
2020$18.720.92%
2021$19.494.11%
2022$21.339.48%
2023$23.048.00%
2024$23.582.34%*

* 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 * $7.42 = $23.58

Therefore, according to U.S. Bureau of Labor Statistics, $7.42 in 1986 has the same "purchasing power" as $23.58 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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