According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 437.88% higher in 2024 versus 1978 (a $6,266,049.87 difference in value).
Between 1978 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.73% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,431,000 in the year 1978 would cost $7,697,049.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 1978: Pricing changed by 4.17%, which is above the average yearly change for miami-fort lauderdale, florida during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), inflation for miami-fort lauderdale, florida was much lower.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,431,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1978 | $1,431,000.00 | 4.17% |
1979 | $1,569,853.16 | 9.70% |
1980 | $1,790,319.48 | 14.04% |
1981 | $1,994,167.74 | 11.39% |
1982 | $2,139,668.13 | 7.30% |
1983 | $2,208,725.42 | 3.23% |
1984 | $2,291,446.45 | 3.75% |
1985 | $2,356,072.26 | 2.82% |
1986 | $2,390,416.26 | 1.46% |
1987 | $2,474,245.16 | 3.51% |
1988 | $2,583,924.39 | 4.43% |
1989 | $2,689,172.13 | 4.07% |
1990 | $2,829,133.16 | 5.20% |
1991 | $2,928,841.55 | 3.52% |
1992 | $2,977,218.58 | 1.65% |
1993 | $3,079,881.29 | 3.45% |
1994 | $3,176,635.35 | 3.14% |
1995 | $3,294,069.68 | 3.70% |
1996 | $3,398,948.13 | 3.18% |
1997 | $3,509,365.94 | 3.25% |
1998 | $3,555,157.94 | 1.30% |
1999 | $3,595,964.52 | 1.15% |
2000 | $3,714,876.00 | 3.31% |
2001 | $3,830,279.23 | 3.11% |
2002 | $3,885,303.48 | 1.44% |
2003 | $3,997,752.39 | 2.89% |
2004 | $4,105,031.23 | 2.68% |
2005 | $4,297,800.77 | 4.70% |
2006 | $4,511,250.58 | 4.97% |
2007 | $4,695,003.91 | 4.07% |
2008 | $4,920,714.15 | 4.81% |
2009 | $4,901,108.53 | -0.40% |
2010 | $4,940,657.67 | 0.81% |
2011 | $5,108,730.93 | 3.40% |
2012 | $5,208,620.27 | 1.96% |
2013 | $5,273,388.26 | 1.24% |
2014 | $5,384,509.56 | 2.11% |
2015 | $5,437,787.07 | 0.99% |
2016 | $5,532,050.28 | 1.73% |
2017 | $5,679,757.17 | 2.67% |
2018 | $5,871,662.58 | 3.38% |
2019 | $5,974,532.09 | 1.75% |
2020 | $6,029,598.82 | 0.92% |
2021 | $6,277,307.69 | 4.11% |
2022 | $6,872,407.97 | 9.48% |
2023 | $7,421,954.43 | 8.00% |
2024 | $7,697,049.87 | 3.71%* |
* 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:
Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 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 | 2024 |
CPI | 62.000 | 64.583 | 70.850 | 80.800 | 90.000 | 96.567 | 99.683 | 103.417 | 106.333 | 107.883 | 111.667 | 116.617 | 121.367 | 127.683 | 132.183 | 134.367 | 139.000 | 143.367 | 148.667 | 153.400 | 158.383 | 160.450 | 162.292 | 167.658 | 172.867 | 175.350 | 180.425 | 185.267 | 193.967 | 203.600 | 211.893 | 222.080 | 221.195 | 222.980 | 230.565 | 235.073 | 237.996 | 243.012 | 245.416 | 249.670 | 256.337 | 264.998 | 269.640 | 272.125 | 283.305 | 310.163 | 334.965 | 347.380 |