Miami-Fort Lauderdale, Florida priced at $19,000,000 in 1994 $45,431,027.67 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1994-2024 ($19,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 139.11% higher in 2024 versus 1994 (a $26,431,027.67 difference in value).

Between 1994 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.95% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $19,000,000 in the year 1994 would cost $45,431,027.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1994: Pricing changed by 3.14%, which is above the average yearly change for miami-fort lauderdale, florida during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), 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%).

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Buying power of $19,000,000.00 since 1994

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $19,000,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$19,000,000.003.14%
1995$19,702,394.793.70%
1996$20,329,690.773.18%
1997$20,990,118.583.25%
1998$21,264,008.371.30%
1999$21,508,079.521.15%
2000$22,219,309.463.31%
2001$22,909,555.923.11%
2002$23,238,665.431.44%
2003$23,911,241.572.89%
2004$24,552,894.682.68%
2005$25,705,882.354.70%
2006$26,982,562.194.97%
2007$28,081,622.304.07%
2008$29,431,633.924.81%
2009$29,314,369.33-0.40%
2010$29,550,919.550.81%
2011$30,556,194.493.40%
2012$31,153,649.731.96%
2013$31,541,038.131.24%
2014$32,205,673.682.11%
2015$32,524,335.620.99%
2016$33,088,139.971.73%
2017$33,971,600.212.67%
2018$35,119,419.323.38%
2019$35,734,699.491.75%
2020$36,064,063.010.92%
2021$37,545,652.174.11%
2022$41,105,048.839.48%
2023$44,391,980.358.00%
2024$45,431,027.672.34%*

* 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 1994 * 1994 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 143.367 in the year 1994 and 342.805 in 2024:

342.805 / 143.367 * $19,000,000 = $45,431,027.67

Therefore, according to U.S. Bureau of Labor Statistics, $19,000,000 in 1994 has the same "purchasing power" as $45,431,027.67 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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