Miami-Fort Lauderdale, Florida priced at $12.50 in 2000 → $25.90 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2000-2024 ($12.50)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 107.20% higher in 2024 versus 2000 (a $13.40 difference in value).

Between 2000 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 $12.50 in the year 2000 would cost $25.90 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 2000: Pricing changed by 3.31%, which is above the average yearly change for miami-fort lauderdale, florida during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), inflation for miami-fort lauderdale, florida was lower.

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 $12.50 since 2000

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.50 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$12.503.31%
2001$12.893.11%
2002$13.071.44%
2003$13.452.89%
2004$13.812.68%
2005$14.464.70%
2006$15.184.97%
2007$15.804.07%
2008$16.564.81%
2009$16.49-0.40%
2010$16.620.81%
2011$17.193.40%
2012$17.531.96%
2013$17.741.24%
2014$18.122.11%
2015$18.300.99%
2016$18.611.73%
2017$19.112.67%
2018$19.763.38%
2019$20.101.75%
2020$20.290.92%
2021$21.124.11%
2022$23.129.48%
2023$24.978.00%
2024$25.903.71%*

* 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 2000 * 2000 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 167.658 in the year 2000 and 347.380 in 2024:

347.380 / 167.658 * $12.50 = $25.90

Therefore, according to U.S. Bureau of Labor Statistics, $12.50 in 2000 has the same "purchasing power" as $25.90 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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