Between 1988 and 1996, the Consumer Price Index went from 118.3 to 156.9.
Cumulatively, prices increased 32.6%, which works out to an average of
3.59% per year. Put differently, a dollar in 1988 bought what
$0.75 buys in 1996.
Common amounts: 1988 dollars in 1996
Amount in 1988
Value in 1996
$1.00
$1.33
$5.00
$6.63
$10.00
$13.26
$20.00
$26.53
$50.00
$66.31
$100
$133
$500
$663
$1,000
$1,326
$5,000
$6,631
$10,000
$13,263
$100,000
$132,629
$1,000,000
$1,326,289
Inflation by spending category, 1988–1996
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 1996, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
3.59%
$133
Medical care
6.43%
$165
Core (all items less food & energy)
3.75%
$134
Transportation
3.49%
$132
Food
3.30%
$130
Housing
3.23%
$129
Energy
2.65%
$123
Apparel
1.67%
$114
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 1996: $100 is worth $133 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-1996/
APA: InflationCalculator.com. Inflation from 1988 to 1996. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-1996/