Miami-Fort Lauderdale, Florida priced at $12.50 in 1983 $43.56 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1983-2024 ($12.50)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 248.48% higher in 2024 versus 1983 (a $31.06 difference in value).

Between 1983 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 1983 would cost $43.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1983: Pricing changed by 3.23%, which is above the average yearly change for miami-fort lauderdale, florida during the 1983-2024 time period. Compared to inflation for all items in 1983 (3.21%), 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 1983

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.50 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$12.503.23%
1984$12.973.75%
1985$13.332.82%
1986$13.531.46%
1987$14.003.51%
1988$14.624.43%
1989$15.224.07%
1990$16.015.20%
1991$16.583.52%
1992$16.851.65%
1993$17.433.45%
1994$17.983.14%
1995$18.643.70%
1996$19.243.18%
1997$19.863.25%
1998$20.121.30%
1999$20.351.15%
2000$21.023.31%
2001$21.683.11%
2002$21.991.44%
2003$22.622.89%
2004$23.232.68%
2005$24.324.70%
2006$25.534.97%
2007$26.574.07%
2008$27.854.81%
2009$27.74-0.40%
2010$27.960.81%
2011$28.913.40%
2012$29.481.96%
2013$29.841.24%
2014$30.472.11%
2015$30.770.99%
2016$31.311.73%
2017$32.142.67%
2018$33.233.38%
2019$33.811.75%
2020$34.120.92%
2021$35.534.11%
2022$38.899.48%
2023$42.008.00%
2024$43.563.71%*

* 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 1983 * 1983 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 99.683 in the year 1983 and 347.380 in 2024:

347.380 / 99.683 * $12.50 = $43.56

Therefore, according to U.S. Bureau of Labor Statistics, $12.50 in 1983 has the same "purchasing power" as $43.56 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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