Miami-Fort Lauderdale, Florida priced at $19,000,000 in 2002 $37,144,539.49 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2002-2024 ($19,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 95.50% higher in 2024 versus 2002 (a $18,144,539.49 difference in value).

Between 2002 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $19,000,000 in the year 2002 would cost $37,144,539.49 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 2002: Pricing changed by 1.44%, which is below the average yearly change for miami-fort lauderdale, florida during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), 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 $19,000,000.00 since 2002

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $19,000,000 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$19,000,000.001.44%
2003$19,549,900.202.89%
2004$20,074,517.632.68%
2005$21,017,203.694.70%
2006$22,061,020.824.97%
2007$22,959,615.534.07%
2008$24,063,388.944.81%
2009$23,967,513.07-0.40%
2010$24,160,917.210.81%
2011$24,982,832.913.40%
2012$25,471,314.041.96%
2013$25,788,043.911.24%
2014$26,331,451.862.11%
2015$26,591,990.780.99%
2016$27,052,958.841.73%
2017$27,775,278.492.67%
2018$28,713,738.713.38%
2019$29,216,793.561.75%
2020$29,486,082.120.92%
2021$30,697,433.704.11%
2022$33,607,606.699.48%
2023$36,295,011.418.00%
2024$37,144,539.492.34%*

* 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 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 175.350 in the year 2002 and 342.805 in 2024:

342.805 / 175.350 * $19,000,000 = $37,144,539.49

Therefore, according to U.S. Bureau of Labor Statistics, $19,000,000 in 2002 has the same "purchasing power" as $37,144,539.49 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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