Miami-Fort Lauderdale, Florida priced at $45 in 1992 $114.81 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1992-2024 ($45)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 155.13% higher in 2024 versus 1992 (a $69.81 difference in value).

Between 1992 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.97% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $45 in the year 1992 would cost $114.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1992: Pricing changed by 1.65%, which is below the average yearly change for miami-fort lauderdale, florida during the 1992-2024 time period. Compared to inflation for all items in 1992 (3.03%), 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
Hospital services · San Francisco, California · Wireless telephone services · Public transportation · More

Buying power of $45.00 since 1992

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $45 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$45.001.65%
1993$46.553.45%
1994$48.013.14%
1995$49.793.70%
1996$51.373.18%
1997$53.043.25%
1998$53.741.30%
1999$54.351.15%
2000$56.153.31%
2001$57.893.11%
2002$58.731.44%
2003$60.432.89%
2004$62.052.68%
2005$64.964.70%
2006$68.194.97%
2007$70.964.07%
2008$74.384.81%
2009$74.08-0.40%
2010$74.680.81%
2011$77.223.40%
2012$78.731.96%
2013$79.711.24%
2014$81.392.11%
2015$82.190.99%
2016$83.621.73%
2017$85.852.67%
2018$88.753.38%
2019$90.301.75%
2020$91.140.92%
2021$94.884.11%
2022$103.879.48%
2023$112.188.00%
2024$114.812.34%*

* 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 1992 * 1992 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 134.367 in the year 1992 and 342.805 in 2024:

342.805 / 134.367 * $45 = $114.81

Therefore, according to U.S. Bureau of Labor Statistics, $45 in 1992 has the same "purchasing power" as $114.81 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.

» Read more about inflation and investment.