Between 1988 and 2007, the Consumer Price Index went from 118.3 to 207.342.
Cumulatively, prices increased 75.3%, which works out to an average of
3.00% per year. Put differently, a dollar in 1988 bought what
$0.57 buys in 2007.
Common amounts: 1988 dollars in 2007
Amount in 1988
Value in 2007
$1.00
$1.75
$5.00
$8.76
$10.00
$17.53
$20.00
$35.05
$50.00
$87.63
$100
$175
$500
$876
$1,000
$1,753
$5,000
$8,763
$10,000
$17,527
$100,000
$175,268
$1,000,000
$1,752,680
Inflation by spending category, 1988–2007
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
3.00%
$175
Medical care
5.01%
$253
Energy
4.54%
$233
Housing
3.05%
$177
Food
2.89%
$172
Core (all items less food & energy)
2.86%
$171
Transportation
2.83%
$170
Apparel
0.16%
$103
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2007: $100 is worth $175 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2007/
APA: InflationCalculator.com. Inflation from 1988 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2007/