Miami-Fort Lauderdale, Florida priced at $53,500,000 in 1985 $174,779,091.30 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($53,500,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 226.69% higher in 2024 versus 1985 (a $121,279,091.30 difference in value).

Between 1985 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 $53,500,000 in the year 1985 would cost $174,779,091.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is below the average yearly change for miami-fort lauderdale, florida during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation for miami-fort lauderdale, florida was lower.

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%).

View price changes for other categories
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Buying power of $53,500,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $53,500,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$53,500,000.002.82%
1986$54,279,858.931.46%
1987$56,183,385.583.51%
1988$58,673,902.824.43%
1989$61,063,793.104.07%
1990$64,241,927.905.20%
1991$66,506,034.483.52%
1992$67,604,545.451.65%
1993$69,935,736.683.45%
1994$72,132,758.623.14%
1995$74,799,373.043.70%
1996$77,180,877.743.18%
1997$79,688,166.143.25%
1998$80,727,978.061.30%
1999$81,654,584.641.15%
2000$84,354,741.383.31%
2001$86,975,235.113.11%
2002$88,224,686.521.44%
2003$90,778,095.612.89%
2004$93,214,106.582.68%
2005$97,591,379.314.70%
2006$102,438,244.514.97%
2007$106,610,783.314.07%
2008$111,736,049.764.81%
2009$111,290,859.33-0.40%
2010$112,188,913.010.81%
2011$116,005,400.083.40%
2012$118,273,615.601.96%
2013$119,744,320.531.24%
2014$122,267,583.462.11%
2015$123,477,371.080.99%
2016$125,617,832.291.73%
2017$128,971,854.622.67%
2018$133,329,505.093.38%
2019$135,665,392.241.75%
2020$136,915,807.990.92%
2021$142,540,603.454.11%
2022$156,053,713.959.48%
2023$168,532,421.248.00%
2024$174,779,091.303.71%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 106.333 in the year 1985 and 347.380 in 2024:

347.380 / 106.333 * $53,500,000 = $174,779,091.30

Therefore, according to U.S. Bureau of Labor Statistics, $53,500,000 in 1985 has the same "purchasing power" as $174,779,091.30 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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