Miami-Fort Lauderdale, Florida priced at $4,500 in 2005 $7,620.76 in 2023

Miami-fort Lauderdale, Florida Inflation Calculator


Prices for Miami-fort Lauderdale, Florida, 2005-2023 ($4,500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 69.35% higher in 2023 versus 2005 (a $3,120.76 difference in value).

Between 2005 and 2023: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.97% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $4,500 in the year 2005 would cost $7,620.76 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2005: Pricing changed by 4.70%, which is above the average yearly change for miami-fort lauderdale, florida during the 2005-2023 time period. Compared to inflation for all items in 2005 (3.39%), inflation for miami-fort lauderdale, florida was higher.

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
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Buying power of $4,500.00 since 2005

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $4,500 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2005 * 2005 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 193.967 in the year 2005 and 328.483 in 2023:

328.483 / 193.967 * $4,500 = $7,620.76

Therefore, according to U.S. Bureau of Labor Statistics, $4,500 in 2005 has the same "purchasing power" as $7,620.76 in 2023 (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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