Miami-Fort Lauderdale, Florida priced at $12.50 in 1982 $44.97 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1982-2024 ($12.50)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 259.73% higher in 2024 versus 1982 (a $32.47 difference in value).

Between 1982 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $12.50 in the year 1982 would cost $44.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.85% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1982: Pricing changed by 7.30%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1982-2024 time period. Compared to inflation for all items in 1982 (6.13%), 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
198019851990199520002005201020152020-1001020
Years with the largest changes in pricing: 1980 (14.04%), 1981 (11.39%), and 1979 (9.70%).

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Buying power of $12.50 since 1982

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.50 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1982$12.507.30%
1983$12.903.23%
1984$13.393.75%
1985$13.762.82%
1986$13.961.46%
1987$14.453.51%
1988$15.104.43%
1989$15.714.07%
1990$16.535.20%
1991$17.113.52%
1992$17.391.65%
1993$17.993.45%
1994$18.563.14%
1995$19.243.70%
1996$19.863.18%
1997$20.503.25%
1998$20.771.30%
1999$21.011.15%
2000$21.703.31%
2001$22.383.11%
2002$22.701.44%
2003$23.352.89%
2004$23.982.68%
2005$25.114.70%
2006$26.354.97%
2007$27.434.07%
2008$28.754.81%
2009$28.63-0.40%
2010$28.860.81%
2011$29.853.40%
2012$30.431.96%
2013$30.811.24%
2014$31.462.11%
2015$31.770.99%
2016$32.321.73%
2017$33.182.67%
2018$34.303.38%
2019$34.901.75%
2020$35.230.92%
2021$36.674.11%
2022$40.159.48%
2023$43.368.00%
2024$44.973.71%*

* 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 1982 * 1982 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 96.567 in the year 1982 and 347.380 in 2024:

347.380 / 96.567 * $12.50 = $44.97

Therefore, according to U.S. Bureau of Labor Statistics, $12.50 in 1982 has the same "purchasing power" as $44.97 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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