Miami-Fort Lauderdale, Florida priced at$970 in 1988$2,969.55 in 2026

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1988-2026 ($970)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 206.14% higher in 2026 versus 1988 (a $1,999.55 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 $970 in the year 1988 would cost $2,969.55 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
Wine at home · Indoor plants and flowers · Chicago, Illinois · Admission to sporting events · More

Buying power of $970.00 since 1988

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $970 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$970.004.43%
1989$1,009.514.07%
1990$1,062.055.20%
1991$1,099.483.52%
1992$1,117.641.65%
1993$1,156.183.45%
1994$1,192.503.14%
1995$1,236.593.70%
1996$1,275.963.18%
1997$1,317.413.25%
1998$1,334.601.30%
1999$1,349.921.15%
2000$1,394.563.31%
2001$1,437.883.11%
2002$1,458.541.44%
2003$1,500.752.89%
2004$1,541.022.68%
2005$1,613.394.70%
2006$1,693.514.97%
2007$1,762.494.07%
2008$1,847.234.81%
2009$1,839.87-0.40%
2010$1,854.710.81%
2011$1,917.813.40%
2012$1,955.311.96%
2013$1,979.621.24%
2014$2,021.332.11%
2015$2,041.330.99%
2016$2,076.721.73%
2017$2,132.172.67%
2018$2,204.213.38%
2019$2,242.831.75%
2020$2,263.500.92%
2021$2,356.494.11%
2022$2,579.899.48%
2023$2,786.198.00%
2024$2,889.463.71%
2025$2,957.802.37%
2026$2,969.550.40%*

* 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* $970 = $2,969.55

Therefore, according to U.S. Bureau of Labor Statistics, $970 in 1988 has the same "purchasing power" as $2,969.55 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.