According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 130.59% higher in 2024 versus 1995 (a $40,876.13 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 $31,302 in the year 1995 would cost $72,178.13 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.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $31,302 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $31,302.00 | 3.70% |
1996 | $32,298.61 | 3.18% |
1997 | $33,347.86 | 3.25% |
1998 | $33,783.00 | 1.30% |
1999 | $34,170.77 | 1.15% |
2000 | $35,300.73 | 3.31% |
2001 | $36,397.35 | 3.11% |
2002 | $36,920.22 | 1.44% |
2003 | $37,988.77 | 2.89% |
2004 | $39,008.19 | 2.68% |
2005 | $40,839.99 | 4.70% |
2006 | $42,868.30 | 4.97% |
2007 | $44,614.42 | 4.07% |
2008 | $46,759.24 | 4.81% |
2009 | $46,572.94 | -0.40% |
2010 | $46,948.75 | 0.81% |
2011 | $48,545.88 | 3.40% |
2012 | $49,495.08 | 1.96% |
2013 | $50,110.54 | 1.24% |
2014 | $51,166.47 | 2.11% |
2015 | $51,672.74 | 0.99% |
2016 | $52,568.48 | 1.73% |
2017 | $53,972.07 | 2.67% |
2018 | $55,795.66 | 3.38% |
2019 | $56,773.18 | 1.75% |
2020 | $57,296.45 | 0.92% |
2021 | $59,650.31 | 4.11% |
2022 | $65,305.27 | 9.48% |
2023 | $70,527.35 | 8.00% |
2024 | $72,178.13 | 2.34%* |
* 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:
Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 62.000 | 64.583 | 70.850 | 80.800 | 90.000 | 96.567 | 99.683 | 103.417 | 106.333 | 107.883 | 111.667 | 116.617 | 121.367 | 127.683 | 132.183 | 134.367 | 139.000 | 143.367 | 148.667 | 153.400 | 158.383 | 160.450 | 162.292 | 167.658 | 172.867 | 175.350 | 180.425 | 185.267 | 193.967 | 203.600 | 211.893 | 222.080 | 221.195 | 222.980 | 230.565 | 235.073 | 237.996 | 243.012 | 245.416 | 249.670 | 256.337 | 264.998 | 269.640 | 272.125 | 283.305 | 310.163 | 334.965 | 342.805 |