Miami-Fort Lauderdale, Florida priced at $9,500,000,000 in 1980 $40,842,974,938.12 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($9,500,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 329.93% higher in 2024 versus 1980 (a $31,342,974,938.12 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 $9,500,000,000 in the year 1980 would cost $40,842,974,938.12 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 $9,500,000,000.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $9,500,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$9,500,000,000.0014.04%
1981$10,581,683,168.3211.39%
1982$11,353,754,125.417.30%
1983$11,720,193,894.393.23%
1984$12,159,137,788.783.75%
1985$12,502,062,706.272.82%
1986$12,684,302,805.281.46%
1987$13,129,125,412.543.51%
1988$13,711,117,986.804.43%
1989$14,269,595,709.574.07%
1990$15,012,273,102.315.20%
1991$15,541,357,260.733.52%
1992$15,798,061,056.111.65%
1993$16,342,821,782.183.45%
1994$16,856,229,372.943.14%
1995$17,479,372,937.293.70%
1996$18,035,891,089.113.18%
1997$18,621,802,805.283.25%
1998$18,864,789,603.961.30%
1999$19,081,322,194.721.15%
2000$19,712,304,042.903.31%
2001$20,324,669,967.003.11%
2002$20,616,646,039.601.44%
2003$21,213,335,396.042.89%
2004$21,782,590,759.082.68%
2005$22,805,486,798.684.70%
2006$23,938,118,811.884.97%
2007$24,913,171,926.574.07%
2008$26,110,861,695.544.81%
2009$26,006,828,073.43-0.40%
2010$26,216,688,325.080.81%
2011$27,108,538,056.933.40%
2012$27,638,582,405.121.96%
2013$27,982,261,757.431.24%
2014$28,571,906,456.272.11%
2015$28,854,613,758.250.99%
2016$29,354,804,042.901.73%
2017$30,138,583,436.472.67%
2018$31,156,894,080.033.38%
2019$31,702,752,165.841.75%
2020$31,994,953,589.110.92%
2021$33,309,375,000.004.11%
2022$36,467,164,810.239.48%
2023$39,383,231,745.058.00%
2024$40,842,974,938.123.71%*

* 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 * $9,500,000,000 = $40,842,974,938.12

Therefore, according to U.S. Bureau of Labor Statistics, $9,500,000,000 in 1980 has the same "purchasing power" as $40,842,974,938.12 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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