Miami-Fort Lauderdale, Florida priced at $1 in 2016 $1.22 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2016-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 22.09% higher in 2022 versus 2016 (a $0.22 difference in value).

Between 2016 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.38% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1 in the year 2016 would cost $1.22 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2016: Pricing changed by 1.73%, which is below the average yearly change for miami-fort lauderdale, florida during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), 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
Public transportation · Food · Juices and nonalcoholic drinks · Frankfurters · More

Buying power of $1.00 since 2016

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$1.001.73%
2017$1.032.67%
2018$1.063.38%
2019$1.081.75%
2020$1.090.92%
2021$1.134.11%
2022$1.227.60%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.997243.012245.416249.670256.337264.998269.640272.125283.305304.823

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 249.670 in the year 2016 and 304.823 in 2022:

304.823 / 249.670 * $1 = $1.22

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2016 has the same "purchasing power" as $1.22 in 2022 (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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