Miami-Fort Lauderdale, Florida priced at $12,000 in 1990 $32,217.67 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1990-2024 ($12,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 168.48% higher in 2024 versus 1990 (a $20,217.67 difference in value).

Between 1990 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.95% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $12,000 in the year 1990 would cost $32,217.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.58% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1990: Pricing changed by 5.20%, which is above the average yearly change for miami-fort lauderdale, florida during the 1990-2024 time period. Compared to inflation for all items in 1990 (5.40%), 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 $12,000.00 since 1990

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$12,000.005.20%
1991$12,422.923.52%
1992$12,628.121.65%
1993$13,063.573.45%
1994$13,473.963.14%
1995$13,972.073.70%
1996$14,416.923.18%
1997$14,885.263.25%
1998$15,079.491.30%
1999$15,252.581.15%
2000$15,756.953.31%
2001$16,246.443.11%
2002$16,479.831.44%
2003$16,956.792.89%
2004$17,411.832.68%
2005$18,229.474.70%
2006$19,134.844.97%
2007$19,914.244.07%
2008$20,871.614.81%
2009$20,788.45-0.40%
2010$20,956.200.81%
2011$21,669.103.40%
2012$22,092.791.96%
2013$22,367.511.24%
2014$22,838.842.11%
2015$23,064.820.99%
2016$23,464.641.73%
2017$24,091.162.67%
2018$24,905.143.38%
2019$25,341.471.75%
2020$25,575.040.92%
2021$26,625.714.11%
2022$29,149.889.48%
2023$31,480.838.00%
2024$32,217.672.34%*

* 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 1990 * 1990 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 127.683 in the year 1990 and 342.805 in 2024:

342.805 / 127.683 * $12,000 = $32,217.67

Therefore, according to U.S. Bureau of Labor Statistics, $12,000 in 1990 has the same "purchasing power" as $32,217.67 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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