Miami-Fort Lauderdale, Florida priced at $3,975 in 1985 $12,985.92 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($3,975)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 226.69% higher in 2024 versus 1985 (a $9,010.92 difference in value).

Between 1985 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $3,975 in the year 1985 would cost $12,985.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is below the average yearly change for miami-fort lauderdale, florida during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation for miami-fort lauderdale, florida was lower.

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
Denver, Colorado · Phoenix, Arizona · Indoor plants and flowers · College tuition and fees · More

Buying power of $3,975.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3,975 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,975.002.82%
1986$4,032.941.46%
1987$4,174.373.51%
1988$4,359.424.43%
1989$4,536.984.07%
1990$4,773.125.20%
1991$4,941.343.52%
1992$5,022.951.65%
1993$5,196.163.45%
1994$5,359.403.14%
1995$5,557.523.70%
1996$5,734.473.18%
1997$5,920.763.25%
1998$5,998.011.30%
1999$6,066.861.15%
2000$6,267.483.31%
2001$6,462.183.11%
2002$6,555.011.44%
2003$6,744.732.89%
2004$6,925.722.68%
2005$7,250.954.70%
2006$7,611.074.97%
2007$7,921.084.07%
2008$8,301.884.81%
2009$8,268.81-0.40%
2010$8,335.530.81%
2011$8,619.093.40%
2012$8,787.621.96%
2013$8,896.891.24%
2014$9,084.372.11%
2015$9,174.250.99%
2016$9,333.291.73%
2017$9,582.492.67%
2018$9,906.263.38%
2019$10,079.811.75%
2020$10,172.720.92%
2021$10,590.634.11%
2022$11,594.659.48%
2023$12,521.808.00%
2024$12,985.923.71%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 106.333 in the year 1985 and 347.380 in 2024:

347.380 / 106.333 * $3,975 = $12,985.92

Therefore, according to U.S. Bureau of Labor Statistics, $3,975 in 1985 has the same "purchasing power" as $12,985.92 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.

» Read more about inflation and investment.