Miami-Fort Lauderdale, Florida priced at $40,000,000 in 1991 $103,736,224.94 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1991-2024 ($40,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 159.34% higher in 2024 versus 1991 (a $63,736,224.94 difference in value).

Between 1991 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $40,000,000 in the year 1991 would cost $103,736,224.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1991: Pricing changed by 3.52%, which is above the average yearly change for miami-fort lauderdale, florida during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), 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
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 $40,000,000.00 since 1991

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $40,000,000 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$40,000,000.003.52%
1992$40,660,698.521.65%
1993$42,062,791.583.45%
1994$43,384,188.633.14%
1995$44,988,021.693.70%
1996$46,420,375.743.18%
1997$47,928,382.303.25%
1998$48,553,776.321.30%
1999$49,111,083.091.15%
2000$50,735,090.153.31%
2001$52,311,183.963.11%
2002$53,062,665.491.44%
2003$54,598,411.302.89%
2004$56,063,548.102.68%
2005$58,696,255.204.70%
2006$61,611,398.314.97%
2007$64,120,968.354.07%
2008$67,203,555.674.81%
2009$66,935,796.24-0.40%
2010$67,475,929.900.81%
2011$69,771,352.923.40%
2012$71,135,569.291.96%
2013$72,020,123.571.24%
2014$73,537,737.992.11%
2015$74,265,363.760.99%
2016$75,552,742.401.73%
2017$77,570,016.392.67%
2018$80,190,921.703.38%
2019$81,595,839.111.75%
2020$82,347,900.640.92%
2021$85,730,929.264.11%
2022$93,858,378.519.48%
2023$101,363,686.808.00%
2024$103,736,224.942.34%*

* 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 1991 * 1991 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 132.183 in the year 1991 and 342.805 in 2024:

342.805 / 132.183 * $40,000,000 = $103,736,224.94

Therefore, according to U.S. Bureau of Labor Statistics, $40,000,000 in 1991 has the same "purchasing power" as $103,736,224.94 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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