Between 1987 and 2004, the Consumer Price Index went from 113.6 to 188.9.
Cumulatively, prices increased 66.3%, which works out to an average of
3.04% per year. Put differently, a dollar in 1987 bought what
$0.60 buys in 2004.
Common amounts: 1987 dollars in 2004
Amount in 1987
Value in 2004
$1.00
$1.66
$5.00
$8.31
$10.00
$16.63
$20.00
$33.26
$50.00
$83.14
$100
$166
$500
$831
$1,000
$1,663
$5,000
$8,314
$10,000
$16,629
$100,000
$166,285
$1,000,000
$1,662,852
Inflation by spending category, 1987–2004
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1987 spending costs in 2004, by category:
Category
Avg. yearly inflation
$100 in 1987 →
All items (CPI-U)
3.04%
$166
Medical care
5.24%
$238
Energy
3.20%
$171
Core (all items less food & energy)
3.04%
$166
Housing
3.02%
$166
Food
2.95%
$164
Transportation
2.60%
$155
Apparel
0.50%
$109
Not shown because the BLS began these indexes after 1987: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1987 to 2004: $100 is worth $166 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1987-to-2004/
APA: InflationCalculator.com. Inflation from 1987 to 2004. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1987-to-2004/