Miami-Fort Lauderdale, Florida priced at $29 in 1980 $124.68 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($29)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 329.93% higher in 2024 versus 1980 (a $95.68 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.37% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $29 in the year 1980 would cost $124.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.08% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1980: Pricing changed by 14.04%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), 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 1979 (9.70%).

View price changes for other categories
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Buying power of $29.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $29 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$29.0014.04%
1981$32.3011.39%
1982$34.667.30%
1983$35.783.23%
1984$37.123.75%
1985$38.162.82%
1986$38.721.46%
1987$40.083.51%
1988$41.854.43%
1989$43.564.07%
1990$45.835.20%
1991$47.443.52%
1992$48.231.65%
1993$49.893.45%
1994$51.463.14%
1995$53.363.70%
1996$55.063.18%
1997$56.853.25%
1998$57.591.30%
1999$58.251.15%
2000$60.173.31%
2001$62.043.11%
2002$62.941.44%
2003$64.762.89%
2004$66.492.68%
2005$69.624.70%
2006$73.074.97%
2007$76.054.07%
2008$79.714.81%
2009$79.39-0.40%
2010$80.030.81%
2011$82.753.40%
2012$84.371.96%
2013$85.421.24%
2014$87.222.11%
2015$88.080.99%
2016$89.611.73%
2017$92.002.67%
2018$95.113.38%
2019$96.781.75%
2020$97.670.92%
2021$101.684.11%
2022$111.329.48%
2023$120.228.00%
2024$124.683.71%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965347.380

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 80.800 in the year 1980 and 347.380 in 2024:

347.380 / 80.800 * $29 = $124.68

Therefore, according to U.S. Bureau of Labor Statistics, $29 in 1980 has the same "purchasing power" as $124.68 in 2024 (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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