U.S. inflation · 1968–1988
$100 in 1968 has the same buying power as
$340
in 1988
| Cumulative price change | 239.9% |
|---|---|
| Average inflation rate | 6.31% per year |
| Converted amount ($100 base) | $340 |
| Price difference ($100 base) | $240 |
| CPI in 1968 | 34.8 |
| CPI in 1988 | 118.3 |
| Inflation in 1968 | 4.19% |
| Inflation in 1988 | 4.14% |
| $100 in 1968 → 1988 | $340 |
| $100 in 1988 → 1968 | $29.42 |
Between 1968 and 1988, the Consumer Price Index went from 34.8 to 118.3. Cumulatively, prices increased 239.9%, which works out to an average of 6.31% per year. Put differently, a dollar in 1968 bought what $0.29 buys in 1988.
| Amount in 1968 | Value in 1988 |
|---|---|
| $1.00 | $3.40 |
| $5.00 | $17.00 |
| $10.00 | $33.99 |
| $20.00 | $67.99 |
| $50.00 | $170 |
| $100 | $340 |
| $500 | $1,700 |
| $1,000 | $3,399 |
| $5,000 | $16,997 |
| $10,000 | $33,994 |
| $100,000 | $339,943 |
| $1,000,000 | $3,399,425 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1968 spending costs in 1988, by category:
| Category | Avg. yearly inflation | $100 in 1968 → |
|---|---|---|
| All items (CPI-U) | 6.31% | $340 |
| Medical care | 7.97% | $464 |
| Housing | 6.76% | $370 |
| Energy | 6.75% | $369 |
| Core (all items less food & energy) | 6.31% | $340 |
| Food | 6.23% | $335 |
| Transportation | 5.94% | $317 |
| Apparel | 3.90% | $215 |
Not shown because the BLS began these indexes after 1968: recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1968 |
|---|---|---|---|
| 1968 | 34.8 | 4.2% | $100 |
| 1969 | 36.7 | 5.5% | $105 |
| 1970 | 38.8 | 5.7% | $111 |
| 1971 | 40.5 | 4.4% | $116 |
| 1972 | 41.8 | 3.2% | $120 |
| 1973 | 44.4 | 6.2% | $128 |
| 1974 | 49.3 | 11.0% | $142 |
| 1975 | 53.8 | 9.1% | $155 |
| 1976 | 56.9 | 5.8% | $164 |
| 1977 | 60.6 | 6.5% | $174 |
| 1978 | 65.2 | 7.6% | $187 |
| 1979 | 72.6 | 11.3% | $209 |
| 1980 | 82.4 | 13.5% | $237 |
| 1981 | 90.9 | 10.3% | $261 |
| 1982 | 96.5 | 6.2% | $277 |
| 1983 | 99.6 | 3.2% | $286 |
| 1984 | 103.9 | 4.3% | $299 |
| 1985 | 107.6 | 3.6% | $309 |
| 1986 | 109.6 | 1.9% | $315 |
| 1987 | 113.6 | 3.6% | $326 |
| 1988 | 118.3 | 4.1% | $340 |
MLA: “Inflation from 1968 to 1988: $100 is worth $340 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1968-to-1988/
APA: InflationCalculator.com. Inflation from 1968 to 1988. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1968-to-1988/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.