Between 1988 and 2000, the Consumer Price Index went from 118.3 to 172.2.
Cumulatively, prices increased 45.6%, which works out to an average of
3.18% per year. Put differently, a dollar in 1988 bought what
$0.69 buys in 2000.
Common amounts: 1988 dollars in 2000
Amount in 1988
Value in 2000
$1.00
$1.46
$5.00
$7.28
$10.00
$14.56
$20.00
$29.11
$50.00
$72.78
$100
$146
$500
$728
$1,000
$1,456
$5,000
$7,278
$10,000
$14,556
$100,000
$145,562
$1,000,000
$1,455,621
Inflation by spending category, 1988–2000
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2000, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
3.18%
$146
Medical care
5.41%
$188
Core (all items less food & energy)
3.26%
$147
Housing
3.03%
$143
Food
2.96%
$142
Transportation
2.91%
$141
Energy
2.81%
$140
Apparel
0.97%
$112
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2000: $100 is worth $146 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2000/
APA: InflationCalculator.com. Inflation from 1988 to 2000. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2000/