Miami-Fort Lauderdale, Florida priced at $3.71 in 2000 $7.63 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2000-2024 ($3.71)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 105.66% higher in 2024 versus 2000 (a $3.92 difference in value).

Between 2000 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.05% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $3.71 in the year 2000 would cost $7.63 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 2000: Pricing changed by 3.31%, which is above the average yearly change for miami-fort lauderdale, florida during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), 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 $3.71 since 2000

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3.71 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$3.713.31%
2001$3.833.11%
2002$3.881.44%
2003$3.992.89%
2004$4.102.68%
2005$4.294.70%
2006$4.514.97%
2007$4.694.07%
2008$4.914.81%
2009$4.89-0.40%
2010$4.930.81%
2011$5.103.40%
2012$5.201.96%
2013$5.271.24%
2014$5.382.11%
2015$5.430.99%
2016$5.521.73%
2017$5.672.67%
2018$5.863.38%
2019$5.971.75%
2020$6.020.92%
2021$6.274.11%
2022$6.869.48%
2023$7.418.00%
2024$7.632.94%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965344.800

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2000 * 2000 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 167.658 in the year 2000 and 344.800 in 2024:

344.800 / 167.658 * $3.71 = $7.63

Therefore, according to U.S. Bureau of Labor Statistics, $3.71 in 2000 has the same "purchasing power" as $7.63 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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