Between 1987 and 1998, the Consumer Price Index went from 113.6 to 163.
Cumulatively, prices increased 43.5%, which works out to an average of
3.34% per year. Put differently, a dollar in 1987 bought what
$0.70 buys in 1998.
Common amounts: 1987 dollars in 1998
Amount in 1987
Value in 1998
$1.00
$1.43
$5.00
$7.17
$10.00
$14.35
$20.00
$28.70
$50.00
$71.74
$100
$143
$500
$717
$1,000
$1,435
$5,000
$7,174
$10,000
$14,349
$100,000
$143,486
$1,000,000
$1,434,859
Inflation by spending category, 1987–1998
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1987 spending costs in 1998, by category:
Category
Avg. yearly inflation
$100 in 1987 →
All items (CPI-U)
3.34%
$143
Medical care
5.81%
$186
Core (all items less food & energy)
3.55%
$147
Food
3.21%
$142
Housing
3.14%
$140
Transportation
2.72%
$134
Apparel
1.69%
$120
Energy
1.37%
$116
Not shown because the BLS began these indexes after 1987: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1987 to 1998: $100 is worth $143 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1987-to-1998/
APA: InflationCalculator.com. Inflation from 1987 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1987-to-1998/