Between 1988 and 2013, the Consumer Price Index went from 118.3 to 232.957.
Cumulatively, prices increased 96.9%, which works out to an average of
2.75% per year. Put differently, a dollar in 1988 bought what
$0.51 buys in 2013.
Common amounts: 1988 dollars in 2013
Amount in 1988
Value in 2013
$1.00
$1.97
$5.00
$9.85
$10.00
$19.69
$20.00
$39.38
$50.00
$98.46
$100
$197
$500
$985
$1,000
$1,969
$5,000
$9,846
$10,000
$19,692
$100,000
$196,921
$1,000,000
$1,969,205
Inflation by spending category, 1988–2013
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2013, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
2.75%
$197
Medical care
4.59%
$307
Energy
4.11%
$274
Food
2.82%
$201
Transportation
2.81%
$200
Housing
2.64%
$192
Core (all items less food & energy)
2.59%
$189
Apparel
0.40%
$110
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2013: $100 is worth $197 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2013/
APA: InflationCalculator.com. Inflation from 1988 to 2013. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2013/