Between 1963 and 1988, the Consumer Price Index went from 30.6 to 118.3.
Cumulatively, prices increased 286.6%, which works out to an average of
5.56% per year. Put differently, a dollar in 1963 bought what
$0.26 buys in 1988.
Common amounts: 1963 dollars in 1988
Amount in 1963
Value in 1988
$1.00
$3.87
$5.00
$19.33
$10.00
$38.66
$20.00
$77.32
$50.00
$193
$100
$387
$500
$1,933
$1,000
$3,866
$5,000
$19,330
$10,000
$38,660
$100,000
$386,601
$1,000,000
$3,866,013
Inflation by spending category, 1963–1988
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1963 spending costs in 1988, by category:
Category
Avg. yearly inflation
$100 in 1963 →
All items (CPI-U)
5.56%
$387
Medical care
7.25%
$575
Energy
5.65%
$395
Core (all items less food & energy)
5.57%
$388
Food
5.49%
$380
Transportation
5.16%
$352
Apparel
3.67%
$246
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1963 to 1988: $100 is worth $387 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-1988/
APA: InflationCalculator.com. Inflation from 1963 to 1988. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-1988/