Miami-Fort Lauderdale, Florida priced at $5.38 in 1985 $17.58 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($5.38)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 226.69% higher in 2024 versus 1985 (a $12.20 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 $5.38 in the year 1985 would cost $17.58 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
Wireless telephone services · Fresh fruits · Bread · Housing · More

Buying power of $5.38 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5.38 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5.382.82%
1986$5.461.46%
1987$5.653.51%
1988$5.904.43%
1989$6.144.07%
1990$6.465.20%
1991$6.693.52%
1992$6.801.65%
1993$7.033.45%
1994$7.253.14%
1995$7.523.70%
1996$7.763.18%
1997$8.013.25%
1998$8.121.30%
1999$8.211.15%
2000$8.483.31%
2001$8.753.11%
2002$8.871.44%
2003$9.132.89%
2004$9.372.68%
2005$9.814.70%
2006$10.304.97%
2007$10.724.07%
2008$11.244.81%
2009$11.19-0.40%
2010$11.280.81%
2011$11.673.40%
2012$11.891.96%
2013$12.041.24%
2014$12.302.11%
2015$12.420.99%
2016$12.631.73%
2017$12.972.67%
2018$13.413.38%
2019$13.641.75%
2020$13.770.92%
2021$14.334.11%
2022$15.699.48%
2023$16.958.00%
2024$17.583.71%*

* 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 * $5.38 = $17.58

Therefore, according to U.S. Bureau of Labor Statistics, $5.38 in 1985 has the same "purchasing power" as $17.58 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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