Miami-Fort Lauderdale, Florida priced at $10,000,000 in 1988 $26,701,257.68 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1988-2022 ($10,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 167.01% higher in 2022 versus 1988 (a $16,701,257.68 difference in value).

Between 1988 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $10,000,000 in the year 1988 would cost $26,701,257.68 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.70% 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 1988-2022 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 2022 (9.91%).

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Buying power of $10,000,000.00 since 1988

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $10,000,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$10,000,000.004.43%
1989$10,407,317.424.07%
1990$10,948,978.135.20%
1991$11,334,857.803.52%
1992$11,522,080.891.65%
1993$11,919,394.033.45%
1994$12,293,840.223.14%
1995$12,748,320.713.70%
1996$13,154,208.953.18%
1997$13,581,534.943.25%
1998$13,758,753.751.30%
1999$13,916,678.581.15%
2000$14,376,875.803.31%
2001$14,823,495.783.11%
2002$15,036,444.191.44%
2003$15,471,630.702.89%
2004$15,886,808.632.68%
2005$16,632,842.654.70%
2006$17,458,910.964.97%
2007$18,170,051.454.07%
2008$19,043,568.674.81%
2009$18,967,693.30-0.40%
2010$19,120,751.750.81%
2011$19,771,209.093.40%
2012$20,157,789.051.96%
2013$20,408,446.481.24%
2014$20,838,495.072.11%
2015$21,044,683.440.99%
2016$21,409,489.781.73%
2017$21,981,127.632.67%
2018$22,723,817.353.38%
2019$23,121,930.831.75%
2020$23,335,043.590.92%
2021$24,293,697.304.11%
2022$26,701,257.689.91%*

* 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:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305311.381

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 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 311.381 in 2022:

311.381 / 116.617 * $10,000,000 = $26,701,257.68

Therefore, according to U.S. Bureau of Labor Statistics, $10,000,000 in 1988 has the same "purchasing power" as $26,701,257.68 in 2022 (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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