Miami-Fort Lauderdale, Florida priced at $88 in 1988 → $262.14 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1988-2024 ($88)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 197.88% higher in 2024 versus 1988 (a $174.14 difference in value).

Between 1988 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 $88 in the year 1988 would cost $262.14 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1988: Pricing changed by 4.43%, which is above the average yearly change for miami-fort lauderdale, florida during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), 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%).
View price changes for other categories
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Buying power of $88.00 since 1988

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $88 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$88.004.43%
1989$91.584.07%
1990$96.355.20%
1991$99.753.52%
1992$101.391.65%
1993$104.893.45%
1994$108.193.14%
1995$112.193.70%
1996$115.763.18%
1997$119.523.25%
1998$121.081.30%
1999$122.471.15%
2000$126.523.31%
2001$130.453.11%
2002$132.321.44%
2003$136.152.89%
2004$139.802.68%
2005$146.374.70%
2006$153.644.97%
2007$159.904.07%
2008$167.584.81%
2009$166.92-0.40%
2010$168.260.81%
2011$173.993.40%
2012$177.391.96%
2013$179.591.24%
2014$183.382.11%
2015$185.190.99%
2016$188.401.73%
2017$193.432.67%
2018$199.973.38%
2019$203.471.75%
2020$205.350.92%
2021$213.784.11%
2022$234.059.48%
2023$252.778.00%
2024$262.143.71%*

* 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 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 116.617 in the year 1988 and 347.380 in 2024:

347.380 / 116.617 * $88 = $262.14

Therefore, according to U.S. Bureau of Labor Statistics, $88 in 1988 has the same "purchasing power" as $262.14 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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