Miami-Fort Lauderdale, Florida priced at $6.61 in 1985 → $21.59 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($6.61)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 226.69% higher in 2024 versus 1985 (a $14.98 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 $6.61 in the year 1985 would cost $21.59 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 $6.61 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $6.61 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$6.612.82%
1986$6.711.46%
1987$6.943.51%
1988$7.254.43%
1989$7.544.07%
1990$7.945.20%
1991$8.223.52%
1992$8.351.65%
1993$8.643.45%
1994$8.913.14%
1995$9.243.70%
1996$9.543.18%
1997$9.853.25%
1998$9.971.30%
1999$10.091.15%
2000$10.423.31%
2001$10.753.11%
2002$10.901.44%
2003$11.222.89%
2004$11.522.68%
2005$12.064.70%
2006$12.664.97%
2007$13.174.07%
2008$13.814.81%
2009$13.75-0.40%
2010$13.860.81%
2011$14.333.40%
2012$14.611.96%
2013$14.791.24%
2014$15.112.11%
2015$15.260.99%
2016$15.521.73%
2017$15.932.67%
2018$16.473.38%
2019$16.761.75%
2020$16.920.92%
2021$17.614.11%
2022$19.289.48%
2023$20.828.00%
2024$21.593.71%*

* 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 * $6.61 = $21.59

Therefore, according to U.S. Bureau of Labor Statistics, $6.61 in 1985 has the same "purchasing power" as $21.59 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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