Between 1988 and 2006, the Consumer Price Index went from 118.3 to 201.6.
Cumulatively, prices increased 70.4%, which works out to an average of
3.01% per year. Put differently, a dollar in 1988 bought what
$0.59 buys in 2006.
Common amounts: 1988 dollars in 2006
Amount in 1988
Value in 2006
$1.00
$1.70
$5.00
$8.52
$10.00
$17.04
$20.00
$34.08
$50.00
$85.21
$100
$170
$500
$852
$1,000
$1,704
$5,000
$8,521
$10,000
$17,041
$100,000
$170,414
$1,000,000
$1,704,142
Inflation by spending category, 1988–2006
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2006, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
3.01%
$170
Medical care
5.05%
$243
Energy
4.49%
$220
Housing
3.04%
$171
Core (all items less food & energy)
2.89%
$167
Transportation
2.87%
$166
Food
2.83%
$165
Apparel
0.19%
$104
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2006: $100 is worth $170 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2006/
APA: InflationCalculator.com. Inflation from 1988 to 2006. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2006/