Miami-Fort Lauderdale, Florida priced at $1,000 in 1997 $2,164.40 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1997-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 116.44% higher in 2024 versus 1997 (a $1,164.40 difference in value).

Between 1997 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,000 in the year 1997 would cost $2,164.40 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 1997: Pricing changed by 3.25%, which is above the average yearly change for miami-fort lauderdale, florida during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), 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 $1,000.00 since 1997

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,000 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$1,000.003.25%
1998$1,013.051.30%
1999$1,024.681.15%
2000$1,058.563.31%
2001$1,091.443.11%
2002$1,107.121.44%
2003$1,139.172.89%
2004$1,169.742.68%
2005$1,224.674.70%
2006$1,285.494.97%
2007$1,337.854.07%
2008$1,402.174.81%
2009$1,396.58-0.40%
2010$1,407.850.81%
2011$1,455.743.40%
2012$1,484.211.96%
2013$1,502.661.24%
2014$1,534.332.11%
2015$1,549.510.99%
2016$1,576.371.73%
2017$1,618.462.67%
2018$1,673.143.38%
2019$1,702.451.75%
2020$1,718.140.92%
2021$1,788.734.11%
2022$1,958.309.48%
2023$2,114.908.00%
2024$2,164.402.34%*

* 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 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 158.383 in the year 1997 and 342.805 in 2024:

342.805 / 158.383 * $1,000 = $2,164.40

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1997 has the same "purchasing power" as $2,164.40 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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