According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 113.65% higher in 2024 versus 1998 (a $22,730.45 difference in value).
Between 1998 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20,000 in the year 1998 would cost $42,730.45 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 1998: Pricing changed by 1.30%, which is below the average yearly change for miami-fort lauderdale, florida during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for miami-fort lauderdale, florida was lower.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20,000 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20,000.00 | 1.30% |
| 1999 | $20,229.56 | 1.15% |
| 2000 | $20,898.51 | 3.31% |
| 2001 | $21,547.73 | 3.11% |
| 2002 | $21,857.28 | 1.44% |
| 2003 | $22,489.87 | 2.89% |
| 2004 | $23,093.38 | 2.68% |
| 2005 | $24,177.83 | 4.70% |
| 2006 | $25,378.62 | 4.97% |
| 2007 | $26,412.35 | 4.07% |
| 2008 | $27,682.11 | 4.81% |
| 2009 | $27,571.82 | -0.40% |
| 2010 | $27,794.31 | 0.81% |
| 2011 | $28,739.83 | 3.40% |
| 2012 | $29,301.77 | 1.96% |
| 2013 | $29,666.13 | 1.24% |
| 2014 | $30,291.25 | 2.11% |
| 2015 | $30,590.97 | 0.99% |
| 2016 | $31,121.26 | 1.73% |
| 2017 | $31,952.21 | 2.67% |
| 2018 | $33,031.80 | 3.38% |
| 2019 | $33,610.50 | 1.75% |
| 2020 | $33,920.29 | 0.92% |
| 2021 | $35,313.80 | 4.11% |
| 2022 | $38,661.62 | 9.48% |
| 2023 | $41,753.16 | 8.00% |
| 2024 | $42,730.45 | 2.34%* |
* 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:
| Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 62.000 | 64.583 | 70.850 | 80.800 | 90.000 | 96.567 | 99.683 | 103.417 | 106.333 | 107.883 | 111.667 | 116.617 | 121.367 | 127.683 | 132.183 | 134.367 | 139.000 | 143.367 | 148.667 | 153.400 | 158.383 | 160.450 | 162.292 | 167.658 | 172.867 | 175.350 | 180.425 | 185.267 | 193.967 | 203.600 | 211.893 | 222.080 | 221.195 | 222.980 | 230.565 | 235.073 | 237.996 | 243.012 | 245.416 | 249.670 | 256.337 | 264.998 | 269.640 | 272.125 | 283.305 | 310.163 | 334.965 | 342.805 |