Miami-Fort Lauderdale, Florida priced at $2.13 in 1995 $4.98 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1995-2024 ($2.13)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 133.66% higher in 2024 versus 1995 (a $2.85 difference in value).

Between 1995 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.97% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $2.13 in the year 1995 would cost $4.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1995: Pricing changed by 3.70%, which is above the average yearly change for miami-fort lauderdale, florida during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), 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%).

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Buying power of $2.13 since 1995

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $2.13 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$2.133.70%
1996$2.203.18%
1997$2.273.25%
1998$2.301.30%
1999$2.331.15%
2000$2.403.31%
2001$2.483.11%
2002$2.511.44%
2003$2.592.89%
2004$2.652.68%
2005$2.784.70%
2006$2.924.97%
2007$3.044.07%
2008$3.184.81%
2009$3.17-0.40%
2010$3.190.81%
2011$3.303.40%
2012$3.371.96%
2013$3.411.24%
2014$3.482.11%
2015$3.520.99%
2016$3.581.73%
2017$3.672.67%
2018$3.803.38%
2019$3.861.75%
2020$3.900.92%
2021$4.064.11%
2022$4.449.48%
2023$4.808.00%
2024$4.983.71%*

* 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 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 148.667 in the year 1995 and 347.380 in 2024:

347.380 / 148.667 * $2.13 = $4.98

Therefore, according to U.S. Bureau of Labor Statistics, $2.13 in 1995 has the same "purchasing power" as $4.98 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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