Between 1988 and 1991, the Consumer Price Index went from 118.3 to 136.2.
Cumulatively, prices increased 15.1%, which works out to an average of
4.81% per year. Put differently, a dollar in 1988 bought what
$0.87 buys in 1991.
Common amounts: 1988 dollars in 1991
Amount in 1988
Value in 1991
$1.00
$1.15
$5.00
$5.76
$10.00
$11.51
$20.00
$23.03
$50.00
$57.57
$100
$115
$500
$576
$1,000
$1,151
$5,000
$5,757
$10,000
$11,513
$100,000
$115,131
$1,000,000
$1,151,310
Inflation by spending category, 1988–1991
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 1991, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
4.81%
$115
Medical care
8.49%
$128
Food
4.86%
$115
Core (all items less food & energy)
4.82%
$115
Energy
4.70%
$115
Transportation
4.43%
$114
Housing
4.08%
$113
Apparel
3.70%
$112
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 1991: $100 is worth $115 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-1991/
APA: InflationCalculator.com. Inflation from 1988 to 1991. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-1991/