Miami-Fort Lauderdale, Florida priced at $27 in 1996 → $61.14 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1996-2024 ($27)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 126.45% higher in 2024 versus 1996 (a $34.14 difference in value).

Between 1996 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $27 in the year 1996 would cost $61.14 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1996: Pricing changed by 3.18%, which is above the average yearly change for miami-fort lauderdale, florida during the 1996-2024 time period. Compared to inflation for all items in 1996 (2.93%), 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 $27.00 since 1996

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $27 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$27.003.18%
1997$27.883.25%
1998$28.241.30%
1999$28.571.15%
2000$29.513.31%
2001$30.433.11%
2002$30.861.44%
2003$31.762.89%
2004$32.612.68%
2005$34.144.70%
2006$35.844.97%
2007$37.304.07%
2008$39.094.81%
2009$38.93-0.40%
2010$39.250.81%
2011$40.583.40%
2012$41.381.96%
2013$41.891.24%
2014$42.772.11%
2015$43.200.99%
2016$43.941.73%
2017$45.122.67%
2018$46.643.38%
2019$47.461.75%
2020$47.900.92%
2021$49.864.11%
2022$54.599.48%
2023$58.968.00%
2024$61.143.71%*

* 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 1996 * 1996 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 153.400 in the year 1996 and 347.380 in 2024:

347.380 / 153.400 * $27 = $61.14

Therefore, according to U.S. Bureau of Labor Statistics, $27 in 1996 has the same "purchasing power" as $61.14 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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