According to the U.S. Bureau of Labor Statistics, prices in Tampa, Florida are 135.69% higher in 2023 versus 1993 (a $3,731,528.23 difference in value).
Between 1993 and 2023: Tampa experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, $2,750,000 in Tampa in the year 1993 would cost $6,481,528.23 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Tampa was higher.
In the year 1993: Pricing changed by 4.03%, which is above the average yearly change in Tampa during the 1993-2023 time period. Compared to inflation for all items in 1993 (2.95%), inflation in Tampa was higher.
Below are calculations of equivalent buying power in Tampa, over time, for $2,750,000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1993 | $2,750,000.00 | 4.03% |
1994 | $2,805,443.55 | 2.02% |
1995 | $2,876,411.29 | 2.53% |
1996 | $2,918,548.39 | 1.46% |
1997 | $2,971,774.19 | 1.82% |
1998 | $3,049,395.16 | 2.61% |
1999 | $3,118,145.16 | 2.25% |
2000 | $3,231,250.00 | 3.63% |
2001 | $3,300,000.00 | 2.13% |
2002 | $3,413,104.84 | 3.43% |
2003 | $3,506,250.00 | 2.73% |
2004 | $3,592,741.94 | 2.47% |
2005 | $3,736,895.16 | 4.01% |
2006 | $3,885,483.87 | 3.98% |
2007 | $4,087,032.26 | 5.19% |
2008 | $4,216,725.81 | 3.17% |
2009 | $4,211,602.82 | -0.12% |
2010 | $4,291,419.35 | 1.90% |
2011 | $4,411,931.45 | 2.81% |
2012 | $4,516,143.15 | 2.36% |
2013 | $4,585,979.84 | 1.55% |
2014 | $4,675,332.66 | 1.95% |
2015 | $4,691,788.31 | 0.35% |
2016 | $4,746,788.31 | 1.17% |
2017 | $4,867,078.63 | 2.53% |
2018 | $4,973,574.60 | 2.19% |
2019 | $5,059,423.39 | 1.73% |
2020 | $5,186,056.45 | 2.50% |
2021 | $5,498,913.31 | 6.03% |
2022 | $6,067,675.40 | 10.34% |
2023 | $6,481,528.23 | 6.82%* |
* 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:
Year | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 100.000 | 103.700 | 107.200 | 111.700 | 116.400 | 119.200 | 124.000 | 126.500 | 129.700 | 131.600 | 134.000 | 137.500 | 140.600 | 145.700 | 148.800 | 153.900 | 158.100 | 162.000 | 168.500 | 175.200 | 184.288 | 190.136 | 189.905 | 193.504 | 198.938 | 203.637 | 206.786 | 210.815 | 211.557 | 214.037 | 219.461 | 224.263 | 228.134 | 233.844 | 247.951 | 273.597 | 292.258 |