Tampa, Florida prices: $20 in 1987 $49.59 in 2021

Inflation in Florida

$

Prices in Tampa, 1987-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Tampa, Florida are 147.95% higher in 2021 versus 1987 (a $29.59 difference in value).

Between 1987 and 2021: Tampa experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $20 in Tampa in the year 1987 would cost $49.59 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.59% during this same period, inflation in Tampa was higher.

Price Inflation in Tampa, Florida since 1987

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (6.03%), 2007 (5.19%), and 1991 (4.21%).

View price changes for other categories
Chicago, Illinois · Legal services · Financial services · Rent of primary residence · More

Buying power of $20.00 since 1987

Below are calculations of equivalent buying power in Tampa, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$20.00-
1988$20.743.70%
1989$21.443.38%
1990$22.344.20%
1991$23.284.21%
1992$23.842.41%
1993$24.804.03%
1994$25.302.02%
1995$25.942.53%
1996$26.321.46%
1997$26.801.82%
1998$27.502.61%
1999$28.122.25%
2000$29.143.63%
2001$29.762.13%
2002$30.783.43%
2003$31.622.73%
2004$32.402.47%
2005$33.704.01%
2006$35.043.98%
2007$36.865.19%
2008$38.033.17%
2009$37.98-0.12%
2010$38.701.90%
2011$39.792.81%
2012$40.732.36%
2013$41.361.55%
2014$42.161.95%
2015$42.310.35%
2016$42.811.17%
2017$43.892.53%
2018$44.852.19%
2019$45.631.73%
2020$46.772.50%
2021$49.596.03%*

* 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 Tampa, Florida:

Year19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI100.000103.700107.200111.700116.400119.200124.000126.500129.700131.600134.000137.500140.600145.700148.800153.900158.100162.000168.500175.200184.288190.136189.905193.504198.938203.637206.786210.815211.557214.037219.461224.263228.134233.844247.951

Adjust Tampa prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1987 * 1987 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Tampa, Florida was 100.000 in the year 1987 and 247.951 in 2021:

247.951 / 100.000 * $20 = $49.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $49.59 in 2021 (in the CPI category of Tampa, Florida).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tampa, Florida in 1987. In addition to Tampa, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.