Miami-Fort Lauderdale, Florida priced at $18 in 1993 → $44.98 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1993-2024 ($18)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 149.91% higher in 2024 versus 1993 (a $26.98 difference in value).

Between 1993 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $18 in the year 1993 would cost $44.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1993: Pricing changed by 3.45%, which is above the average yearly change for miami-fort lauderdale, florida during the 1993-2024 time period. Compared to inflation for all items in 1993 (2.95%), 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
Admission to sporting events · New cars · Fresh fruits · Chicago, Illinois · More

Buying power of $18.00 since 1993

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $18 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$18.003.45%
1994$18.573.14%
1995$19.253.70%
1996$19.863.18%
1997$20.513.25%
1998$20.781.30%
1999$21.021.15%
2000$21.713.31%
2001$22.393.11%
2002$22.711.44%
2003$23.362.89%
2004$23.992.68%
2005$25.124.70%
2006$26.374.97%
2007$27.444.07%
2008$28.764.81%
2009$28.64-0.40%
2010$28.880.81%
2011$29.863.40%
2012$30.441.96%
2013$30.821.24%
2014$31.472.11%
2015$31.780.99%
2016$32.331.73%
2017$33.192.67%
2018$34.323.38%
2019$34.921.75%
2020$35.240.92%
2021$36.694.11%
2022$40.169.48%
2023$43.388.00%
2024$44.983.71%*

* 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 1993 * 1993 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 139.000 in the year 1993 and 347.380 in 2024:

347.380 / 139.000 * $18 = $44.98

Therefore, according to U.S. Bureau of Labor Statistics, $18 in 1993 has the same "purchasing power" as $44.98 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.

» Read more about inflation and investment.