According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 47.32% higher in 2023 versus 2010 (a $28,389.07 difference in value).
Between 2010 and 2023: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.02% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $60,000 in the year 2010 would cost $88,389.07 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 2010: Pricing changed by 0.81%, which is below the average yearly change for miami-fort lauderdale, florida during the 2010-2023 time period. Compared to inflation for all items in 2010 (1.64%), inflation for miami-fort lauderdale, florida was lower.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $60,000 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation 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: