Miami-Fort Lauderdale, Florida priced at $3 in 1980 $12.73 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($3)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $9.73 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $3 in the year 1980 would cost $12.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.05% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1980: Pricing changed by 14.04%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), 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
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 $3.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$3.0014.04%
1981$3.3411.39%
1982$3.597.30%
1983$3.703.23%
1984$3.843.75%
1985$3.952.82%
1986$4.011.46%
1987$4.153.51%
1988$4.334.43%
1989$4.514.07%
1990$4.745.20%
1991$4.913.52%
1992$4.991.65%
1993$5.163.45%
1994$5.323.14%
1995$5.523.70%
1996$5.703.18%
1997$5.883.25%
1998$5.961.30%
1999$6.031.15%
2000$6.223.31%
2001$6.423.11%
2002$6.511.44%
2003$6.702.89%
2004$6.882.68%
2005$7.204.70%
2006$7.564.97%
2007$7.874.07%
2008$8.254.81%
2009$8.21-0.40%
2010$8.280.81%
2011$8.563.40%
2012$8.731.96%
2013$8.841.24%
2014$9.022.11%
2015$9.110.99%
2016$9.271.73%
2017$9.522.67%
2018$9.843.38%
2019$10.011.75%
2020$10.100.92%
2021$10.524.11%
2022$11.529.48%
2023$12.448.00%
2024$12.732.34%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965342.805

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 80.800 in the year 1980 and 342.805 in 2024:

342.805 / 80.800 * $3 = $12.73

Therefore, according to U.S. Bureau of Labor Statistics, $3 in 1980 has the same "purchasing power" as $12.73 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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