Miami-Fort Lauderdale, Florida priced at $12.95 in 2000 → $26.83 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2000-2024 ($12.95)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 107.20% higher in 2024 versus 2000 (a $13.88 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 $12.95 in the year 2000 would cost $26.83 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
Alcoholic beverages · Admission to sporting events · Bread · Juices and nonalcoholic drinks · More

Buying power of $12.95 since 2000

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.95 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$12.953.31%
2001$13.353.11%
2002$13.541.44%
2003$13.942.89%
2004$14.312.68%
2005$14.984.70%
2006$15.734.97%
2007$16.374.07%
2008$17.154.81%
2009$17.09-0.40%
2010$17.220.81%
2011$17.813.40%
2012$18.161.96%
2013$18.381.24%
2014$18.772.11%
2015$18.960.99%
2016$19.281.73%
2017$19.802.67%
2018$20.473.38%
2019$20.831.75%
2020$21.020.92%
2021$21.884.11%
2022$23.969.48%
2023$25.878.00%
2024$26.833.71%*

* 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 * $12.95 = $26.83

Therefore, according to U.S. Bureau of Labor Statistics, $12.95 in 2000 has the same "purchasing power" as $26.83 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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