Miami-Fort Lauderdale, Florida priced at $70,000,000 in 2010 → $109,052,989.84 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2010-2024 ($70,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 55.79% higher in 2024 versus 2010 (a $39,052,989.84 difference in value).

Between 2010 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.22% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $70,000,000 in the year 2010 would cost $109,052,989.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2010: Pricing changed by 0.81%, which is below the average yearly change for miami-fort lauderdale, florida during the 2010-2024 time period. Compared to inflation for all items in 2010 (1.64%), 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 $70,000,000.00 since 2010

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $70,000,000 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2010$70,000,000.000.81%
2011$72,381,287.843.40%
2012$73,796,535.411.96%
2013$74,714,178.191.24%
2014$76,288,561.972.11%
2015$77,043,406.020.99%
2016$78,378,941.591.73%
2017$80,471,675.692.67%
2018$83,190,621.123.38%
2019$84,648,092.241.75%
2020$85,428,286.120.92%
2021$88,937,863.594.11%
2022$97,369,336.099.48%
2023$105,155,395.228.00%
2024$109,052,989.843.71%*

* 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 2010 * 2010 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 222.980 in the year 2010 and 347.380 in 2024:

347.380 / 222.980 * $70,000,000 = $109,052,989.84

Therefore, according to U.S. Bureau of Labor Statistics, $70,000,000 in 2010 has the same "purchasing power" as $109,052,989.84 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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