Miami-Fort Lauderdale, Florida priced at$8,700 in 1996$20,247.58 in 2026

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1996-2026 ($8,700)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 132.73% higher in 2026 versus 1996 (a $11,547.58 difference in value).

Between 1996 and 2026:Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.86% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $8,700 in the year 1996 would cost $20,247.58 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.45% 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 1996-2026 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 $8,700.00 since 1996

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $8,700 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$8,700.003.18%
1997$8,982.633.25%
1998$9,099.841.30%
1999$9,204.291.15%
2000$9,508.653.31%
2001$9,804.043.11%
2002$9,944.881.44%
2003$10,232.712.89%
2004$10,507.302.68%
2005$11,000.724.70%
2006$11,547.074.97%
2007$12,017.404.07%
2008$12,595.144.81%
2009$12,544.95-0.40%
2010$12,646.180.81%
2011$13,076.393.40%
2012$13,332.061.96%
2013$13,497.851.24%
2014$13,782.272.11%
2015$13,918.640.99%
2016$14,159.921.73%
2017$14,537.992.67%
2018$15,029.203.38%
2019$15,292.501.75%
2020$15,433.450.92%
2021$16,067.494.11%
2022$17,590.729.48%
2023$18,997.358.00%
2024$19,701.493.71%
2025$20,167.472.37%
2026$20,247.580.40%*

* 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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965347.380355.597357.009

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1996* 1996 USD value = 2026 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 357.009 in 2026:

357.009 / 153.400* $8,700 = $20,247.58

Therefore, according to U.S. Bureau of Labor Statistics, $8,700 in 1996 has the same "purchasing power" as $20,247.58 in 2026 (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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