Miami-Fort Lauderdale, Florida priced at $4.25 in 1994 → $10.30 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1994-2024 ($4.25)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 142.30% higher in 2024 versus 1994 (a $6.05 difference in value).

Between 1994 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $4.25 in the year 1994 would cost $10.30 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 1994: Pricing changed by 3.14%, which is above the average yearly change for miami-fort lauderdale, florida during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), 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 $4.25 since 1994

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $4.25 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$4.253.14%
1995$4.413.70%
1996$4.553.18%
1997$4.703.25%
1998$4.761.30%
1999$4.811.15%
2000$4.973.31%
2001$5.123.11%
2002$5.201.44%
2003$5.352.89%
2004$5.492.68%
2005$5.754.70%
2006$6.044.97%
2007$6.284.07%
2008$6.584.81%
2009$6.56-0.40%
2010$6.610.81%
2011$6.833.40%
2012$6.971.96%
2013$7.061.24%
2014$7.202.11%
2015$7.280.99%
2016$7.401.73%
2017$7.602.67%
2018$7.863.38%
2019$7.991.75%
2020$8.070.92%
2021$8.404.11%
2022$9.199.48%
2023$9.938.00%
2024$10.303.71%*

* 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 1994 * 1994 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 143.367 in the year 1994 and 347.380 in 2024:

347.380 / 143.367 * $4.25 = $10.30

Therefore, according to U.S. Bureau of Labor Statistics, $4.25 in 1994 has the same "purchasing power" as $10.30 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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