Miami-Fort Lauderdale, Florida priced at $56,000,000 in 1996 $125,143,937.42 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1996-2024 ($56,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 123.47% higher in 2024 versus 1996 (a $69,143,937.42 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 $56,000,000 in the year 1996 would cost $125,143,937.42 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%).

View price changes for other categories
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Buying power of $56,000,000.00 since 1996

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $56,000,000 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$56,000,000.003.18%
1997$57,819,209.043.25%
1998$58,573,663.621.30%
1999$59,245,980.011.15%
2000$61,205,128.213.31%
2001$63,106,475.453.11%
2002$64,013,037.811.44%
2003$65,865,710.562.89%
2004$67,633,202.962.68%
2005$70,809,213.394.70%
2006$74,325,945.244.97%
2007$77,353,407.214.07%
2008$81,072,138.204.81%
2009$80,749,122.12-0.40%
2010$81,400,721.430.81%
2011$84,169,843.553.40%
2012$85,815,588.871.96%
2013$86,882,685.791.24%
2014$88,713,485.442.11%
2015$89,591,269.010.99%
2016$91,144,319.861.73%
2017$93,577,892.222.67%
2018$96,739,665.363.38%
2019$98,434,511.081.75%
2020$99,341,773.140.92%
2021$103,422,946.544.11%
2022$113,227,631.469.48%
2023$122,281,786.188.00%
2024$125,143,937.422.34%*

* 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 * $56,000,000 = $125,143,937.42

Therefore, according to U.S. Bureau of Labor Statistics, $56,000,000 in 1996 has the same "purchasing power" as $125,143,937.42 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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