According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 197.88% higher in 2024 versus 1988 (a $13,851,751.46 difference in value).
Between 1988 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 $7,000,000 in the year 1988 would cost $20,851,751.46 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 1988: Pricing changed by 4.43%, which is above the average yearly change for miami-fort lauderdale, florida during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for miami-fort lauderdale, florida was higher.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $7,000,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $7,000,000.00 | 4.43% |
| 1989 | $7,285,122.20 | 4.07% |
| 1990 | $7,664,284.69 | 5.20% |
| 1991 | $7,934,400.46 | 3.52% |
| 1992 | $8,065,456.62 | 1.65% |
| 1993 | $8,343,575.82 | 3.45% |
| 1994 | $8,605,688.15 | 3.14% |
| 1995 | $8,923,824.50 | 3.70% |
| 1996 | $9,207,946.26 | 3.18% |
| 1997 | $9,507,074.46 | 3.25% |
| 1998 | $9,631,127.63 | 1.30% |
| 1999 | $9,741,675.00 | 1.15% |
| 2000 | $10,063,813.06 | 3.31% |
| 2001 | $10,376,447.05 | 3.11% |
| 2002 | $10,525,510.93 | 1.44% |
| 2003 | $10,830,141.49 | 2.89% |
| 2004 | $11,120,766.04 | 2.68% |
| 2005 | $11,642,989.85 | 4.70% |
| 2006 | $12,221,237.67 | 4.97% |
| 2007 | $12,719,036.02 | 4.07% |
| 2008 | $13,330,498.07 | 4.81% |
| 2009 | $13,277,385.31 | -0.40% |
| 2010 | $13,384,526.23 | 0.81% |
| 2011 | $13,839,846.36 | 3.40% |
| 2012 | $14,110,452.34 | 1.96% |
| 2013 | $14,285,912.53 | 1.24% |
| 2014 | $14,586,946.55 | 2.11% |
| 2015 | $14,731,278.41 | 0.99% |
| 2016 | $14,986,642.85 | 1.73% |
| 2017 | $15,386,789.34 | 2.67% |
| 2018 | $15,906,672.15 | 3.38% |
| 2019 | $16,185,351.58 | 1.75% |
| 2020 | $16,334,530.51 | 0.92% |
| 2021 | $17,005,588.11 | 4.11% |
| 2022 | $18,617,749.04 | 9.48% |
| 2023 | $20,106,502.07 | 8.00% |
| 2024 | $20,851,751.46 | 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 |