Miami-Fort Lauderdale, Florida priced at $2,000,000,000 in 1997 $4,328,801,431.13 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1997-2024 ($2,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 116.44% higher in 2024 versus 1997 (a $2,328,801,431.13 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 $2,000,000,000 in the year 1997 would cost $4,328,801,431.13 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 $2,000,000,000.00 since 1997

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $2,000,000,000 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$2,000,000,000.003.25%
1998$2,026,097,021.991.30%
1999$2,049,352,835.951.15%
2000$2,117,120,909.193.31%
2001$2,182,889,613.813.11%
2002$2,214,248,132.171.44%
2003$2,278,333,157.952.89%
2004$2,339,471,745.762.68%
2005$2,449,331,789.964.70%
2006$2,570,977,586.034.97%
2007$2,675,699,252.874.07%
2008$2,804,332,316.114.81%
2009$2,793,159,002.42-0.40%
2010$2,815,698,200.570.81%
2011$2,911,483,741.983.40%
2012$2,968,411,028.101.96%
2013$3,005,322,529.731.24%
2014$3,068,650,952.332.11%
2015$3,099,013,995.580.99%
2016$3,152,734,925.811.73%
2017$3,236,913,606.232.67%
2018$3,346,281,174.373.38%
2019$3,404,906,871.511.75%
2020$3,436,289,592.760.92%
2021$3,577,459,749.554.11%
2022$3,916,609,491.749.48%
2023$4,229,797,958.548.00%
2024$4,328,801,431.132.34%*

* 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 * $2,000,000,000 = $4,328,801,431.13

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000,000 in 1997 has the same "purchasing power" as $4,328,801,431.13 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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