Between 1988 and 2011, the Consumer Price Index went from 118.3 to 224.939.
Cumulatively, prices increased 90.1%, which works out to an average of
2.83% per year. Put differently, a dollar in 1988 bought what
$0.53 buys in 2011.
Common amounts: 1988 dollars in 2011
Amount in 1988
Value in 2011
$1.00
$1.90
$5.00
$9.51
$10.00
$19.01
$20.00
$38.03
$50.00
$95.07
$100
$190
$500
$951
$1,000
$1,901
$5,000
$9,507
$10,000
$19,014
$100,000
$190,143
$1,000,000
$1,901,429
Inflation by spending category, 1988–2011
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2011, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
2.83%
$190
Medical care
4.72%
$289
Energy
4.47%
$273
Transportation
2.95%
$195
Food
2.89%
$193
Housing
2.71%
$185
Core (all items less food & energy)
2.65%
$182
Apparel
0.25%
$106
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2011: $100 is worth $190 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2011/
APA: InflationCalculator.com. Inflation from 1988 to 2011. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2011/