Miami-Fort Lauderdale, Florida priced at $5,539 in 1994 $11,776.88 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1994-2022 ($5,539)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 112.62% higher in 2022 versus 1994 (a $6,237.88 difference in value).

Between 1994 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.73% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $5,539 in the year 1994 would cost $11,776.88 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1994: Pricing changed by 3.14%, which is above the average yearly change for miami-fort lauderdale, florida during the 1994-2022 time period. Compared to inflation for all items in 1994 (2.60%), inflation for miami-fort lauderdale, florida was higher.

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 $5,539.00 since 1994

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5,539 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$5,539.003.14%
1995$5,743.773.70%
1996$5,926.643.18%
1997$6,119.173.25%
1998$6,199.021.30%
1999$6,270.171.15%
2000$6,477.513.31%
2001$6,678.743.11%
2002$6,774.681.44%
2003$6,970.762.89%
2004$7,157.812.68%
2005$7,493.944.70%
2006$7,866.134.97%
2007$8,186.534.07%
2008$8,580.104.81%
2009$8,545.91-0.40%
2010$8,614.870.81%
2011$8,907.933.40%
2012$9,082.111.96%
2013$9,195.041.24%
2014$9,388.802.11%
2015$9,481.700.99%
2016$9,646.061.73%
2017$9,903.622.67%
2018$10,238.233.38%
2019$10,417.611.75%
2020$10,513.620.92%
2021$10,945.554.11%
2022$11,776.887.60%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.997243.012245.416249.670256.337264.998269.640272.125283.305304.823

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1994 * 1994 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 143.367 in the year 1994 and 304.823 in 2022:

304.823 / 143.367 * $5,539 = $11,776.88

Therefore, according to U.S. Bureau of Labor Statistics, $5,539 in 1994 has the same "purchasing power" as $11,776.88 in 2022 (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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