Miami-Fort Lauderdale, Florida priced at $3,975 in 1993 → $9,934.08 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1993-2024 ($3,975)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 149.91% higher in 2024 versus 1993 (a $5,959.08 difference in value).

Between 1993 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $3,975 in the year 1993 would cost $9,934.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1993: Pricing changed by 3.45%, which is above the average yearly change for miami-fort lauderdale, florida during the 1993-2024 time period. Compared to inflation for all items in 1993 (2.95%), 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
Gasoline (all types) · Fresh fruits · Wireless telephone services · Juices and nonalcoholic drinks · More

Buying power of $3,975.00 since 1993

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3,975 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$3,975.003.45%
1994$4,099.873.14%
1995$4,251.443.70%
1996$4,386.803.18%
1997$4,529.313.25%
1998$4,588.411.30%
1999$4,641.071.15%
2000$4,794.553.31%
2001$4,943.493.11%
2002$5,014.511.44%
2003$5,159.642.89%
2004$5,298.092.68%
2005$5,546.894.70%
2006$5,822.374.97%
2007$6,059.534.07%
2008$6,350.844.81%
2009$6,325.54-0.40%
2010$6,376.580.81%
2011$6,593.503.40%
2012$6,722.421.96%
2013$6,806.021.24%
2014$6,949.432.11%
2015$7,018.190.99%
2016$7,139.851.73%
2017$7,330.492.67%
2018$7,578.173.38%
2019$7,710.941.75%
2020$7,782.010.92%
2021$8,101.714.11%
2022$8,869.769.48%
2023$9,579.038.00%
2024$9,934.083.71%*

* 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 1993 * 1993 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 139.000 in the year 1993 and 347.380 in 2024:

347.380 / 139.000 * $3,975 = $9,934.08

Therefore, according to U.S. Bureau of Labor Statistics, $3,975 in 1993 has the same "purchasing power" as $9,934.08 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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