Miami-Fort Lauderdale, Florida priced at $12,300 in 1990 $33,023.12 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1990-2024 ($12,300)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 168.48% higher in 2024 versus 1990 (a $20,723.12 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 $12,300 in the year 1990 would cost $33,023.12 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%).

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Buying power of $12,300.00 since 1990

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12,300 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$12,300.005.20%
1991$12,733.493.52%
1992$12,943.821.65%
1993$13,390.163.45%
1994$13,810.813.14%
1995$14,321.373.70%
1996$14,777.343.18%
1997$15,257.393.25%
1998$15,456.481.30%
1999$15,633.891.15%
2000$16,150.873.31%
2001$16,652.603.11%
2002$16,891.831.44%
2003$17,380.712.89%
2004$17,847.122.68%
2005$18,685.214.70%
2006$19,613.214.97%
2007$20,412.104.07%
2008$21,393.404.81%
2009$21,308.16-0.40%
2010$21,480.110.81%
2011$22,210.833.40%
2012$22,645.111.96%
2013$22,926.701.24%
2014$23,409.812.11%
2015$23,641.440.99%
2016$24,051.261.73%
2017$24,693.432.67%
2018$25,527.773.38%
2019$25,975.001.75%
2020$26,214.410.92%
2021$27,291.364.11%
2022$29,878.639.48%
2023$32,267.858.00%
2024$33,023.122.34%*

* 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 * $12,300 = $33,023.12

Therefore, according to U.S. Bureau of Labor Statistics, $12,300 in 1990 has the same "purchasing power" as $33,023.12 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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