According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 4.11% higher in 2021 versus 2020 (a $0.04 difference in value).
Between 2020 and 2021: 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 2020 would cost $1.04 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 4.70% during this same period, inflation for miami-fort lauderdale, florida was lower.
In the year 2020: Pricing changed by 0.92%, which is significantly below the average yearly change for miami-fort lauderdale, florida during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for miami-fort lauderdale, florida was lower.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1 beginning in 2020. 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: