Miami-Fort Lauderdale, Florida priced at $12.95 in 1986 → $41.70 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1986-2024 ($12.95)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 222% higher in 2024 versus 1986 (a $28.75 difference in value).

Between 1986 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.13% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $12.95 in the year 1986 would cost $41.70 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1986: Pricing changed by 1.46%, which is below the average yearly change for miami-fort lauderdale, florida during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), 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 $12.95 since 1986

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.95 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$12.951.46%
1987$13.403.51%
1988$14.004.43%
1989$14.574.07%
1990$15.335.20%
1991$15.873.52%
1992$16.131.65%
1993$16.693.45%
1994$17.213.14%
1995$17.853.70%
1996$18.413.18%
1997$19.013.25%
1998$19.261.30%
1999$19.481.15%
2000$20.133.31%
2001$20.753.11%
2002$21.051.44%
2003$21.662.89%
2004$22.242.68%
2005$23.284.70%
2006$24.444.97%
2007$25.444.07%
2008$26.664.81%
2009$26.55-0.40%
2010$26.770.81%
2011$27.683.40%
2012$28.221.96%
2013$28.571.24%
2014$29.172.11%
2015$29.460.99%
2016$29.971.73%
2017$30.772.67%
2018$31.813.38%
2019$32.371.75%
2020$32.670.92%
2021$34.014.11%
2022$37.239.48%
2023$40.218.00%
2024$41.703.71%*

* 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 1986 * 1986 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 107.883 in the year 1986 and 347.380 in 2024:

347.380 / 107.883 * $12.95 = $41.70

Therefore, according to U.S. Bureau of Labor Statistics, $12.95 in 1986 has the same "purchasing power" as $41.70 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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