According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida were 15.29% higher in 2021 versus 2014 (a $3.06 difference in value).
Between 2014 and 2021: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.05% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20 in the year 2014 would cost $23.06 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 2014: Pricing changed by 2.11%, which is above the average yearly change for miami-fort lauderdale, florida during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for miami-fort lauderdale, florida was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|