Miami-Fort Lauderdale, Florida priced at $8.95 in 1981 $34.09 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($8.95)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $25.14 difference in value).

Between 1981 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $8.95 in the year 1981 would cost $34.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1981: Pricing changed by 11.39%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1981-2024 time period. Compared to inflation for all items in 1981 (10.33%), 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 $8.95 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $8.95 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$8.9511.39%
1982$9.607.30%
1983$9.913.23%
1984$10.283.75%
1985$10.572.82%
1986$10.731.46%
1987$11.103.51%
1988$11.604.43%
1989$12.074.07%
1990$12.705.20%
1991$13.143.52%
1992$13.361.65%
1993$13.823.45%
1994$14.263.14%
1995$14.783.70%
1996$15.253.18%
1997$15.753.25%
1998$15.961.30%
1999$16.141.15%
2000$16.673.31%
2001$17.193.11%
2002$17.441.44%
2003$17.942.89%
2004$18.422.68%
2005$19.294.70%
2006$20.254.97%
2007$21.074.07%
2008$22.084.81%
2009$22.00-0.40%
2010$22.170.81%
2011$22.933.40%
2012$23.381.96%
2013$23.671.24%
2014$24.172.11%
2015$24.410.99%
2016$24.831.73%
2017$25.492.67%
2018$26.353.38%
2019$26.811.75%
2020$27.060.92%
2021$28.174.11%
2022$30.849.48%
2023$33.318.00%
2024$34.092.34%*

* 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 1981 * 1981 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 90.000 in the year 1981 and 342.805 in 2024:

342.805 / 90.000 * $8.95 = $34.09

Therefore, according to U.S. Bureau of Labor Statistics, $8.95 in 1981 has the same "purchasing power" as $34.09 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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