Miami-Fort Lauderdale, Florida priced at $7,500 in 1990 $20,253.23 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1990-2024 ($7,500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 170.04% higher in 2024 versus 1990 (a $12,753.23 difference in value).

Between 1990 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $7,500 in the year 1990 would cost $20,253.23 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 $7,500.00 since 1990

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7,500 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$7,500.005.20%
1991$7,764.333.52%
1992$7,892.571.65%
1993$8,164.733.45%
1994$8,421.223.14%
1995$8,732.543.70%
1996$9,010.573.18%
1997$9,303.293.25%
1998$9,424.681.30%
1999$9,532.861.15%
2000$9,848.093.31%
2001$10,154.033.11%
2002$10,299.901.44%
2003$10,598.002.89%
2004$10,882.392.68%
2005$11,393.424.70%
2006$11,959.274.97%
2007$12,446.404.07%
2008$13,044.764.81%
2009$12,992.78-0.40%
2010$13,097.630.81%
2011$13,543.193.40%
2012$13,807.991.96%
2013$13,979.691.24%
2014$14,274.272.11%
2015$14,415.510.99%
2016$14,665.401.73%
2017$15,056.972.67%
2018$15,565.713.38%
2019$15,838.421.75%
2020$15,984.400.92%
2021$16,641.074.11%
2022$18,218.689.48%
2023$19,675.528.00%
2024$20,253.232.94%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965344.800

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 344.800 in 2024:

344.800 / 127.683 * $7,500 = $20,253.23

Therefore, according to U.S. Bureau of Labor Statistics, $7,500 in 1990 has the same "purchasing power" as $20,253.23 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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