Miami-Fort Lauderdale, Florida priced at $11,150 in 1995 → $26,053.52 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1995-2024 ($11,150)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 133.66% higher in 2024 versus 1995 (a $14,903.52 difference in value).

Between 1995 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.97% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $11,150 in the year 1995 would cost $26,053.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1995: Pricing changed by 3.70%, which is above the average yearly change for miami-fort lauderdale, florida during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), 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 $11,150.00 since 1995

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $11,150 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$11,150.003.70%
1996$11,505.003.18%
1997$11,878.753.25%
1998$12,033.751.30%
1999$12,171.881.15%
2000$12,574.383.31%
2001$12,965.003.11%
2002$13,151.251.44%
2003$13,531.882.89%
2004$13,895.002.68%
2005$14,547.504.70%
2006$15,270.004.97%
2007$15,891.984.07%
2008$16,655.984.81%
2009$16,589.62-0.40%
2010$16,723.490.81%
2011$17,292.393.40%
2012$17,630.511.96%
2013$17,849.741.24%
2014$18,225.872.11%
2015$18,406.210.99%
2016$18,725.281.73%
2017$19,225.242.67%
2018$19,874.823.38%
2019$20,223.021.75%
2020$20,409.410.92%
2021$21,247.884.11%
2022$23,262.219.48%
2023$25,122.368.00%
2024$26,053.523.71%*

* 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 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 148.667 in the year 1995 and 347.380 in 2024:

347.380 / 148.667 * $11,150 = $26,053.52

Therefore, according to U.S. Bureau of Labor Statistics, $11,150 in 1995 has the same "purchasing power" as $26,053.52 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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