Miami-Fort Lauderdale, Florida priced at $1 in 1996 $2.03 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1996-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 102.99% higher in 2022 versus 1996 (a $1.03 difference in value).

Between 1996 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.76% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1 in the year 1996 would cost $2.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1996: Pricing changed by 3.18%, which is above the average yearly change for miami-fort lauderdale, florida during the 1996-2022 time period. Compared to inflation for all items in 1996 (2.93%), 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 2022 (9.91%).

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Buying power of $1.00 since 1996

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$1.003.18%
1997$1.033.25%
1998$1.051.30%
1999$1.061.15%
2000$1.093.31%
2001$1.133.11%
2002$1.141.44%
2003$1.182.89%
2004$1.212.68%
2005$1.264.70%
2006$1.334.97%
2007$1.384.07%
2008$1.454.81%
2009$1.44-0.40%
2010$1.450.81%
2011$1.503.40%
2012$1.531.96%
2013$1.551.24%
2014$1.582.11%
2015$1.600.99%
2016$1.631.73%
2017$1.672.67%
2018$1.733.38%
2019$1.761.75%
2020$1.770.92%
2021$1.854.11%
2022$2.039.91%*

* 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:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305311.381

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1996 * 1996 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 153.400 in the year 1996 and 311.381 in 2022:

311.381 / 153.400 * $1 = $2.03

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1996 has the same "purchasing power" as $2.03 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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