Miami-Fort Lauderdale, Florida priced at $600,788,188 in 1998 $1,283,597,349.87 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1998-2024 ($600,788,188)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 113.65% higher in 2024 versus 1998 (a $682,809,161.87 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 $600,788,188 in the year 1998 would cost $1,283,597,349.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% 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.

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 $600,788,188.00 since 1998

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $600,788,188 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$600,788,188.001.30%
1999$607,684,115.581.15%
2000$627,779,035.753.31%
2001$647,281,093.383.11%
2002$656,579,674.451.44%
2003$675,582,479.402.89%
2004$693,711,592.172.68%
2005$726,287,829.224.70%
2006$762,358,835.014.97%
2007$793,411,415.304.07%
2008$831,554,319.694.81%
2009$828,241,154.12-0.40%
2010$834,924,587.280.81%
2011$863,327,384.003.40%
2012$880,207,741.021.96%
2013$891,152,919.821.24%
2014$909,931,373.102.11%
2015$918,934,771.030.99%
2016$934,864,363.731.73%
2017$959,825,437.332.67%
2018$992,255,642.973.38%
2019$1,009,639,621.121.75%
2020$1,018,945,378.960.92%
2021$1,060,805,843.574.11%
2022$1,161,372,182.139.48%
2023$1,254,240,356.478.00%
2024$1,283,597,349.872.34%*

* 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 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 160.450 in the year 1998 and 342.805 in 2024:

342.805 / 160.450 * $600,788,188 = $1,283,597,349.87

Therefore, according to U.S. Bureau of Labor Statistics, $600,788,188 in 1998 has the same "purchasing power" as $1,283,597,349.87 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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