According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 19.82% higher in 2021 versus 2012 (a $15.36 difference in value).
Between 2012 and 2021: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.03% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $77.50 in the year 2012 would cost $92.86 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.80% 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 2012-2021 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 $77.50 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: