Miami-Fort Lauderdale, Florida priced at $27,000,000 in 1987 $82,887,179.10 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1987-2024 ($27,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 206.99% higher in 2024 versus 1987 (a $55,887,179.10 difference in value).

Between 1987 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $27,000,000 in the year 1987 would cost $82,887,179.10 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 1987: Pricing changed by 3.51%, which is above the average yearly change for miami-fort lauderdale, florida during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), 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 $27,000,000.00 since 1987

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $27,000,000 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$27,000,000.003.51%
1988$28,196,865.674.43%
1989$29,345,373.134.07%
1990$30,872,686.575.20%
1991$31,960,746.273.52%
1992$32,488,656.721.65%
1993$33,608,955.223.45%
1994$34,664,776.123.14%
1995$35,946,268.663.70%
1996$37,090,746.273.18%
1997$38,295,671.643.25%
1998$38,795,373.131.30%
1999$39,240,671.641.15%
2000$40,538,283.583.31%
2001$41,797,611.943.11%
2002$42,398,059.701.44%
2003$43,625,149.252.89%
2004$44,795,820.902.68%
2005$46,899,402.994.70%
2006$49,228,656.724.97%
2007$51,233,850.004.07%
2008$53,696,894.784.81%
2009$53,482,950.00-0.40%
2010$53,914,526.870.81%
2011$55,748,612.693.40%
2012$56,838,647.011.96%
2013$57,545,422.391.24%
2014$58,758,024.632.11%
2015$59,339,411.190.99%
2016$60,368,050.751.73%
2017$61,979,890.302.67%
2018$64,074,042.543.38%
2019$65,196,597.761.75%
2020$65,797,508.960.92%
2021$68,500,611.944.11%
2022$74,994,595.529.48%
2023$80,991,476.878.00%
2024$82,887,179.102.34%*

* 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 1987 * 1987 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 111.667 in the year 1987 and 342.805 in 2024:

342.805 / 111.667 * $27,000,000 = $82,887,179.10

Therefore, according to U.S. Bureau of Labor Statistics, $27,000,000 in 1987 has the same "purchasing power" as $82,887,179.10 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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