According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 28.32% higher in 2022 versus 2012 (a $307,207,638.42 difference in value).
Between 2012 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,084,939,099 in the year 2012 would cost $1,392,146,737.42 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.20% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 2012: Pricing changed by 1.96%, which is below the average yearly change for miami-fort lauderdale, florida during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), inflation for miami-fort lauderdale, florida was lower.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,084,939,099 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida: