Between 1988 and 1994, the Consumer Price Index went from 118.3 to 148.2.
Cumulatively, prices increased 25.3%, which works out to an average of
3.83% per year. Put differently, a dollar in 1988 bought what
$0.80 buys in 1994.
Common amounts: 1988 dollars in 1994
Amount in 1988
Value in 1994
$1.00
$1.25
$5.00
$6.26
$10.00
$12.53
$20.00
$25.05
$50.00
$62.64
$100
$125
$500
$626
$1,000
$1,253
$5,000
$6,264
$10,000
$12,527
$100,000
$125,275
$1,000,000
$1,252,747
Inflation by spending category, 1988–1994
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 1994, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
3.83%
$125
Medical care
7.26%
$152
Core (all items less food & energy)
4.04%
$127
Transportation
3.59%
$124
Housing
3.40%
$122
Food
3.38%
$122
Energy
2.67%
$117
Apparel
2.45%
$116
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 1994: $100 is worth $125 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-1994/
APA: InflationCalculator.com. Inflation from 1988 to 1994. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-1994/