Miami-Fort Lauderdale, Florida priced at $10,000,000 in 1995 $23,058,632.29 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1995-2024 ($10,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 130.59% higher in 2024 versus 1995 (a $13,058,632.29 difference in value).

Between 1995 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $10,000,000 in the year 1995 would cost $23,058,632.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1995: Pricing changed by 3.70%, which is above the average yearly change for miami-fort lauderdale, florida during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), 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 $10,000,000.00 since 1995

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $10,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$10,000,000.003.70%
1996$10,318,385.653.18%
1997$10,653,587.443.25%
1998$10,792,600.901.30%
1999$10,916,479.821.15%
2000$11,277,466.373.31%
2001$11,627,802.693.11%
2002$11,794,843.051.44%
2003$12,136,210.762.89%
2004$12,461,883.412.68%
2005$13,047,085.204.70%
2006$13,695,067.264.97%
2007$14,252,897.984.07%
2008$14,938,099.784.81%
2009$14,878,581.84-0.40%
2010$14,998,643.500.81%
2011$15,508,873.323.40%
2012$15,812,113.231.96%
2013$16,008,733.181.24%
2014$16,346,070.632.11%
2015$16,507,808.300.99%
2016$16,793,968.611.73%
2017$17,242,371.082.67%
2018$17,824,949.553.38%
2019$18,137,236.551.75%
2020$18,304,405.830.92%
2021$19,056,390.134.11%
2022$20,862,970.859.48%
2023$22,531,261.218.00%
2024$23,058,632.292.34%*

* 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 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 148.667 in the year 1995 and 342.805 in 2024:

342.805 / 148.667 * $10,000,000 = $23,058,632.29

Therefore, according to U.S. Bureau of Labor Statistics, $10,000,000 in 1995 has the same "purchasing power" as $23,058,632.29 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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