Miami-Fort Lauderdale, Florida priced at$16,000 in 1988$48,982.23 in 2026

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1988-2026 ($16,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 206.14% higher in 2026 versus 1988 (a $32,982.23 difference in value).

Between 1988 and 2026:Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $16,000 in the year 1988 would cost $48,982.23 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.69% 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 1988-2026 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%).

View price changes for other categories
Dental services · Bananas · Seattle, Washington · Hospital services · More

Buying power of $16,000.00 since 1988

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $16,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$16,000.004.43%
1989$16,651.714.07%
1990$17,518.375.20%
1991$18,135.773.52%
1992$18,435.331.65%
1993$19,071.033.45%
1994$19,670.143.14%
1995$20,397.313.70%
1996$21,046.733.18%
1997$21,730.463.25%
1998$22,014.011.30%
1999$22,266.691.15%
2000$23,003.003.31%
2001$23,717.593.11%
2002$24,058.311.44%
2003$24,754.612.89%
2004$25,418.892.68%
2005$26,612.554.70%
2006$27,934.264.97%
2007$29,072.084.07%
2008$30,469.714.81%
2009$30,348.31-0.40%
2010$30,593.200.81%
2011$31,633.933.40%
2012$32,252.461.96%
2013$32,653.511.24%
2014$33,341.592.11%
2015$33,671.490.99%
2016$34,255.181.73%
2017$35,169.802.67%
2018$36,358.113.38%
2019$36,995.091.75%
2020$37,336.070.92%
2021$38,869.924.11%
2022$42,554.859.48%
2023$45,957.728.00%
2024$47,661.153.71%
2025$48,788.452.37%
2026$48,982.230.40%*

* 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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965347.380355.597357.009

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1988* 1988 USD value = 2026 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 357.009 in 2026:

357.009 / 116.617* $16,000 = $48,982.23

Therefore, according to U.S. Bureau of Labor Statistics, $16,000 in 1988 has the same "purchasing power" as $48,982.23 in 2026 (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.

» Read more about inflation and investment.