Miami-Fort Lauderdale, Florida priced at $20 in 2002 $35.30 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2002-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 76.52% higher in 2022 versus 2002 (a $15.30 difference in value).

Between 2002 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.88% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20 in the year 2002 would cost $35.30 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.45% 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 2002-2022 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 $20.00 since 2002

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20.001.44%
2003$20.582.89%
2004$21.132.68%
2005$22.124.70%
2006$23.224.97%
2007$24.174.07%
2008$25.334.81%
2009$25.23-0.40%
2010$25.430.81%
2011$26.303.40%
2012$26.811.96%
2013$27.151.24%
2014$27.722.11%
2015$27.990.99%
2016$28.481.73%
2017$29.242.67%
2018$30.223.38%
2019$30.751.75%
2020$31.040.92%
2021$32.314.11%
2022$35.309.26%*

* 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:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.997243.012245.416249.670256.337264.998269.640272.125283.305309.529

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 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 309.529 in 2022:

309.529 / 175.350 * $20 = $35.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $35.30 in 2022 (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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