Miami-Fort Lauderdale, Florida priced at $7,000 in 2002 $14,251.86 in 2026

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2002-2026 ($7,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 103.60% higher in 2026 versus 2002 (a $7,251.86 difference in value).

Between 2002 and 2026: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $7,000 in the year 2002 would cost $14,251.86 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.48% 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 2002-2026 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 $7,000.00 since 2002

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7,000 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$7,000.001.44%
2003$7,202.592.89%
2004$7,395.872.68%
2005$7,743.184.70%
2006$8,127.744.97%
2007$8,458.814.07%
2008$8,865.464.81%
2009$8,830.14-0.40%
2010$8,901.390.81%
2011$9,204.203.40%
2012$9,384.171.96%
2013$9,500.861.24%
2014$9,701.062.11%
2015$9,797.050.99%
2016$9,966.881.73%
2017$10,233.002.67%
2018$10,578.753.38%
2019$10,764.081.75%
2020$10,863.290.92%
2021$11,309.584.11%
2022$12,381.759.48%
2023$13,371.858.00%
2024$13,867.483.71%
2025$14,195.472.37%
2026$14,251.860.40%*

* 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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965347.380355.597357.009

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 2002 * 2002 USD value = 2026 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 357.009 in 2026:

357.009 / 175.350 * $7,000 = $14,251.86

Therefore, according to U.S. Bureau of Labor Statistics, $7,000 in 2002 has the same "purchasing power" as $14,251.86 in 2026 (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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