Miami-Fort Lauderdale, Florida priced at $10 in 1988 $29.40 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1988-2024 ($10)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 193.96% higher in 2024 versus 1988 (a $19.40 difference in value).

Between 1988 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $10 in the year 1988 would cost $29.40 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.71% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1988: Pricing changed by 4.43%, which is above the average yearly change for miami-fort lauderdale, florida during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for miami-fort lauderdale, florida was higher.

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 $10.00 since 1988

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $10 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$10.004.43%
1989$10.414.07%
1990$10.955.20%
1991$11.333.52%
1992$11.521.65%
1993$11.923.45%
1994$12.293.14%
1995$12.753.70%
1996$13.153.18%
1997$13.583.25%
1998$13.761.30%
1999$13.921.15%
2000$14.383.31%
2001$14.823.11%
2002$15.041.44%
2003$15.472.89%
2004$15.892.68%
2005$16.634.70%
2006$17.464.97%
2007$18.174.07%
2008$19.044.81%
2009$18.97-0.40%
2010$19.120.81%
2011$19.773.40%
2012$20.161.96%
2013$20.411.24%
2014$20.842.11%
2015$21.040.99%
2016$21.411.73%
2017$21.982.67%
2018$22.723.38%
2019$23.121.75%
2020$23.340.92%
2021$24.294.11%
2022$26.609.48%
2023$28.728.00%
2024$29.402.34%*

* 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 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 116.617 in the year 1988 and 342.805 in 2024:

342.805 / 116.617 * $10 = $29.40

Therefore, according to U.S. Bureau of Labor Statistics, $10 in 1988 has the same "purchasing power" as $29.40 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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