According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 24.21% higher in 2022 versus 2015 (a $290,476.89 difference in value).
Between 2015 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.15% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,200,000 in the year 2015 would cost $1,490,476.89 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for miami-fort lauderdale, florida was higher.
In the year 2015: Pricing changed by 0.99%, which is below the average yearly change for miami-fort lauderdale, florida during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for miami-fort lauderdale, florida was higher.
Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,200,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida: