Miami-Fort Lauderdale, Florida priced at $500 in 2008 $771.81 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2008-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 54.36% higher in 2024 versus 2008 (a $271.81 difference in value).

Between 2008 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.75% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $500 in the year 2008 would cost $771.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.29% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2008: Pricing changed by 4.81%, which is above the average yearly change for miami-fort lauderdale, florida during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), 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%).

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Buying power of $500.00 since 2008

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $500 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$500.004.81%
2009$498.01-0.40%
2010$502.030.81%
2011$519.103.40%
2012$529.251.96%
2013$535.841.24%
2014$547.132.11%
2015$552.540.99%
2016$562.121.73%
2017$577.132.67%
2018$596.633.38%
2019$607.081.75%
2020$612.680.92%
2021$637.854.11%
2022$698.319.48%
2023$754.158.00%
2024$771.812.34%*

* 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 2008 * 2008 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 222.080 in the year 2008 and 342.805 in 2024:

342.805 / 222.080 * $500 = $771.81

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2008 has the same "purchasing power" as $771.81 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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