Miami-Fort Lauderdale, Florida priced at $500 in 1991 $1,296.70 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1991-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 159.34% higher in 2024 versus 1991 (a $796.70 difference in value).

Between 1991 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $500 in the year 1991 would cost $1,296.70 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1991: Pricing changed by 3.52%, which is above the average yearly change for miami-fort lauderdale, florida during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), 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 $500.00 since 1991

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $500 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$500.003.52%
1992$508.261.65%
1993$525.783.45%
1994$542.303.14%
1995$562.353.70%
1996$580.253.18%
1997$599.103.25%
1998$606.921.30%
1999$613.891.15%
2000$634.193.31%
2001$653.893.11%
2002$663.281.44%
2003$682.482.89%
2004$700.792.68%
2005$733.704.70%
2006$770.144.97%
2007$801.514.07%
2008$840.044.81%
2009$836.70-0.40%
2010$843.450.81%
2011$872.143.40%
2012$889.191.96%
2013$900.251.24%
2014$919.222.11%
2015$928.320.99%
2016$944.411.73%
2017$969.632.67%
2018$1,002.393.38%
2019$1,019.951.75%
2020$1,029.350.92%
2021$1,071.644.11%
2022$1,173.239.48%
2023$1,267.058.00%
2024$1,296.702.34%*

* 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 1991 * 1991 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 132.183 in the year 1991 and 342.805 in 2024:

342.805 / 132.183 * $500 = $1,296.70

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1991 has the same "purchasing power" as $1,296.70 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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