Between 1988 and 1992, the Consumer Price Index went from 118.3 to 140.3.
Cumulatively, prices increased 18.6%, which works out to an average of
4.36% per year. Put differently, a dollar in 1988 bought what
$0.84 buys in 1992.
Common amounts: 1988 dollars in 1992
Amount in 1988
Value in 1992
$1.00
$1.19
$5.00
$5.93
$10.00
$11.86
$20.00
$23.72
$50.00
$59.30
$100
$119
$500
$593
$1,000
$1,186
$5,000
$5,930
$10,000
$11,860
$100,000
$118,597
$1,000,000
$1,185,968
Inflation by spending category, 1988–1992
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 1992, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
4.36%
$119
Medical care
8.22%
$137
Core (all items less food & energy)
4.53%
$119
Food
3.93%
$117
Transportation
3.86%
$116
Housing
3.79%
$116
Energy
3.63%
$115
Apparel
3.40%
$114
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 1992: $100 is worth $119 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-1992/
APA: InflationCalculator.com. Inflation from 1988 to 1992. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-1992/