Between 1985 and 1988, the Consumer Price Index went from 107.6 to 118.3.
Cumulatively, prices increased 9.9%, which works out to an average of
3.21% per year. Put differently, a dollar in 1985 bought what
$0.91 buys in 1988.
Common amounts: 1985 dollars in 1988
Amount in 1985
Value in 1988
$1.00
$1.10
$5.00
$5.50
$10.00
$10.99
$20.00
$21.99
$50.00
$54.97
$100
$110
$500
$550
$1,000
$1,099
$5,000
$5,497
$10,000
$10,994
$100,000
$109,944
$1,000,000
$1,099,442
Inflation by spending category, 1985–1988
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1985 spending costs in 1988, by category:
Category
Avg. yearly inflation
$100 in 1985 →
All items (CPI-U)
3.21%
$110
Medical care
6.89%
$122
Core (all items less food & energy)
4.19%
$113
Food
3.83%
$112
Housing
3.24%
$110
Apparel
3.20%
$110
Transportation
0.72%
$102
Energy
-4.21%
$87.89
Not shown because the BLS began these indexes after 1985: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1985 to 1988: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1985-to-1988/
APA: InflationCalculator.com. Inflation from 1985 to 1988. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1985-to-1988/