According to the U.S. Bureau of Labor Statistics, prices in Tampa, Florida are 181.83% higher in 2023 versus 1988 (a $1,363,727.10 difference in value).
Between 1988 and 2023: Tampa experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, $750,000 in Tampa in the year 1988 would cost $2,113,727.10 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation in Tampa was higher.
In the year 1988: Pricing changed by 3.70%, which is above the average yearly change in Tampa during the 1988-2023 time period. Compared to inflation for all items in 1988 (4.08%), inflation in Tampa was lower.
Below are calculations of equivalent buying power in Tampa, over time, for $750,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1988 | $750,000.00 | 3.70% |
1989 | $775,313.40 | 3.38% |
1990 | $807,859.21 | 4.20% |
1991 | $841,851.49 | 4.21% |
1992 | $862,102.22 | 2.41% |
1993 | $896,817.74 | 4.03% |
1994 | $914,898.75 | 2.02% |
1995 | $938,042.43 | 2.53% |
1996 | $951,783.99 | 1.46% |
1997 | $969,141.76 | 1.82% |
1998 | $994,455.16 | 2.61% |
1999 | $1,016,875.60 | 2.25% |
2000 | $1,053,760.85 | 3.63% |
2001 | $1,076,181.29 | 2.13% |
2002 | $1,113,066.54 | 3.43% |
2003 | $1,143,442.62 | 2.73% |
2004 | $1,171,648.99 | 2.47% |
2005 | $1,218,659.59 | 4.01% |
2006 | $1,267,116.68 | 3.98% |
2007 | $1,332,844.74 | 5.19% |
2008 | $1,375,139.83 | 3.17% |
2009 | $1,373,469.14 | -0.12% |
2010 | $1,399,498.55 | 1.90% |
2011 | $1,438,799.42 | 2.81% |
2012 | $1,472,784.47 | 2.36% |
2013 | $1,495,559.31 | 1.55% |
2014 | $1,524,698.65 | 1.95% |
2015 | $1,530,065.09 | 0.35% |
2016 | $1,548,001.45 | 1.17% |
2017 | $1,587,229.99 | 2.53% |
2018 | $1,621,959.98 | 2.19% |
2019 | $1,649,956.61 | 1.73% |
2020 | $1,691,253.62 | 2.50% |
2021 | $1,793,281.10 | 6.03% |
2022 | $1,978,763.26 | 10.34% |
2023 | $2,113,727.10 | 6.82%* |
* 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:
Year | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 100.000 | 103.700 | 107.200 | 111.700 | 116.400 | 119.200 | 124.000 | 126.500 | 129.700 | 131.600 | 134.000 | 137.500 | 140.600 | 145.700 | 148.800 | 153.900 | 158.100 | 162.000 | 168.500 | 175.200 | 184.288 | 190.136 | 189.905 | 193.504 | 198.938 | 203.637 | 206.786 | 210.815 | 211.557 | 214.037 | 219.461 | 224.263 | 228.134 | 233.844 | 247.951 | 273.597 | 292.258 |