Miami-Fort Lauderdale, Florida priced at $1 in 2018 $1.18 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator


Prices for Miami-fort Lauderdale, Florida, 2018-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 17.50% higher in 2022 versus 2018 (a $0.18 difference in value).

Between 2018 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 4.11% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1 in the year 2018 would cost $1.18 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.90% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2018: Pricing changed by 3.38%, which is below the average yearly change for miami-fort lauderdale, florida during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), 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 2022 (9.91%).

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Buying power of $1.00 since 2018

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation 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:


Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2018 * 2018 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 264.998 in the year 2018 and 311.381 in 2022:

311.381 / 264.998 * $1 = $1.18

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2018 has the same "purchasing power" as $1.18 in 2022 (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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