Miami-Fort Lauderdale, Florida priced at $10 in 1996 $22.35 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1996-2024 ($10)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 123.47% higher in 2024 versus 1996 (a $12.35 difference in value).

Between 1996 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $10 in the year 1996 would cost $22.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.46% 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 1996-2024 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 1979 (9.70%).

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Buying power of $10.00 since 1996

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $10 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$10.003.18%
1997$10.323.25%
1998$10.461.30%
1999$10.581.15%
2000$10.933.31%
2001$11.273.11%
2002$11.431.44%
2003$11.762.89%
2004$12.082.68%
2005$12.644.70%
2006$13.274.97%
2007$13.814.07%
2008$14.484.81%
2009$14.42-0.40%
2010$14.540.81%
2011$15.033.40%
2012$15.321.96%
2013$15.511.24%
2014$15.842.11%
2015$16.000.99%
2016$16.281.73%
2017$16.712.67%
2018$17.273.38%
2019$17.581.75%
2020$17.740.92%
2021$18.474.11%
2022$20.229.48%
2023$21.848.00%
2024$22.352.34%*

* 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 1996 * 1996 USD value = 2024 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 342.805 in 2024:

342.805 / 153.400 * $10 = $22.35

Therefore, according to U.S. Bureau of Labor Statistics, $10 in 1996 has the same "purchasing power" as $22.35 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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