Miami-Fort Lauderdale, Florida priced at $4.87 in 1999 $10.29 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1999-2024 ($4.87)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 111.23% higher in 2024 versus 1999 (a $5.42 difference in value).

Between 1999 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $4.87 in the year 1999 would cost $10.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1999: Pricing changed by 1.15%, which is below the average yearly change for miami-fort lauderdale, florida during the 1999-2024 time period. Compared to inflation for all items in 1999 (2.19%), 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%).

View price changes for other categories
Fresh fruits · Tampa, Florida · Dental services · Televisions · More

Buying power of $4.87 since 1999

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $4.87 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$4.871.15%
2000$5.033.31%
2001$5.193.11%
2002$5.261.44%
2003$5.412.89%
2004$5.562.68%
2005$5.824.70%
2006$6.114.97%
2007$6.364.07%
2008$6.664.81%
2009$6.64-0.40%
2010$6.690.81%
2011$6.923.40%
2012$7.051.96%
2013$7.141.24%
2014$7.292.11%
2015$7.360.99%
2016$7.491.73%
2017$7.692.67%
2018$7.953.38%
2019$8.091.75%
2020$8.170.92%
2021$8.504.11%
2022$9.319.48%
2023$10.058.00%
2024$10.292.34%*

* 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 1999 * 1999 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 162.292 in the year 1999 and 342.805 in 2024:

342.805 / 162.292 * $4.87 = $10.29

Therefore, according to U.S. Bureau of Labor Statistics, $4.87 in 1999 has the same "purchasing power" as $10.29 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.

» Read more about inflation and investment.