Miami-Fort Lauderdale, Florida priced at $2,300,000,000,000 in 1995 $5,334,349,775,784.75 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1995-2024 ($2,300,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 131.93% higher in 2024 versus 1995 (a $3,034,349,775,784.75 difference in value).

Between 1995 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $2,300,000,000,000 in the year 1995 would cost $5,334,349,775,784.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% 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%).

View price changes for other categories
Tampa, Florida · Admission to sporting events · Detroit, Michigan · Airline fares · More

Buying power of $2,300,000,000,000.00 since 1995

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $2,300,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$2,300,000,000,000.003.70%
1996$2,373,228,699,551.573.18%
1997$2,450,325,112,107.623.25%
1998$2,482,298,206,278.031.30%
1999$2,510,790,358,744.391.15%
2000$2,593,817,264,573.993.31%
2001$2,674,394,618,834.083.11%
2002$2,712,813,901,345.291.44%
2003$2,791,328,475,336.322.89%
2004$2,866,233,183,856.502.68%
2005$3,000,829,596,412.564.70%
2006$3,149,865,470,852.024.97%
2007$3,278,166,535,874.444.07%
2008$3,435,762,948,430.494.81%
2009$3,422,073,822,869.96-0.40%
2010$3,449,688,004,484.310.81%
2011$3,567,040,863,228.703.40%
2012$3,636,786,042,600.901.96%
2013$3,682,008,632,287.001.24%
2014$3,759,596,244,394.622.11%
2015$3,796,795,908,071.750.99%
2016$3,862,612,780,269.061.73%
2017$3,965,745,347,533.632.67%
2018$4,099,738,396,860.993.38%
2019$4,171,564,405,829.601.75%
2020$4,210,013,340,807.180.92%
2021$4,382,969,730,941.704.11%
2022$4,798,483,295,964.139.48%
2023$5,182,190,078,475.348.00%
2024$5,334,349,775,784.752.94%*

* 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 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 344.800 in 2024:

344.800 / 148.667 * $2,300,000,000,000 = $5,334,349,775,784.75

Therefore, according to U.S. Bureau of Labor Statistics, $2,300,000,000,000 in 1995 has the same "purchasing power" as $5,334,349,775,784.75 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.