Tampa, Florida prices: $20 in 1987 $58.45 in 2023

Inflation in Florida

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Prices in Tampa, 1987-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Tampa, Florida are 192.26% higher in 2023 versus 1987 (a $38.45 difference in value).

Between 1987 and 2023: Tampa experienced an average inflation rate of 3.02% per year. This rate of change indicates significant inflation. In other words, $20 in Tampa in the year 1987 would cost $58.45 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Tampa was higher.

Price Inflation in Tampa, Florida since 1987

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (10.34%), 2023 (6.82%), and 2021 (6.03%).

View price changes for other categories
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Buying power of $20.00 since 1987

Below are calculations of equivalent buying power in Tampa, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$20.00-
1988$20.743.70%
1989$21.443.38%
1990$22.344.20%
1991$23.284.21%
1992$23.842.41%
1993$24.804.03%
1994$25.302.02%
1995$25.942.53%
1996$26.321.46%
1997$26.801.82%
1998$27.502.61%
1999$28.122.25%
2000$29.143.63%
2001$29.762.13%
2002$30.783.43%
2003$31.622.73%
2004$32.402.47%
2005$33.704.01%
2006$35.043.98%
2007$36.865.19%
2008$38.033.17%
2009$37.98-0.12%
2010$38.701.90%
2011$39.792.81%
2012$40.732.36%
2013$41.361.55%
2014$42.161.95%
2015$42.310.35%
2016$42.811.17%
2017$43.892.53%
2018$44.852.19%
2019$45.631.73%
2020$46.772.50%
2021$49.596.03%
2022$54.7210.34%
2023$58.456.82%*

* 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 Tampa, Florida:

Year1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000103.700107.200111.700116.400119.200124.000126.500129.700131.600134.000137.500140.600145.700148.800153.900158.100162.000168.500175.200184.288190.136189.905193.504198.938203.637206.786210.815211.557214.037219.461224.263228.134233.844247.951273.597292.258

Adjust Tampa prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1987 * 1987 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Tampa, Florida was 100.000 in the year 1987 and 292.258 in 2023:

292.258 / 100.000 * $20 = $58.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $58.45 in 2023 (in the CPI category of Tampa, Florida).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tampa, Florida in 1987. In addition to Tampa, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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