Between 1988 and 2014, the Consumer Price Index went from 118.3 to 236.736.
Cumulatively, prices increased 100.1%, which works out to an average of
2.70% per year. Put differently, a dollar in 1988 bought what
$0.50 buys in 2014.
Common amounts: 1988 dollars in 2014
Amount in 1988
Value in 2014
$1.00
$2.00
$5.00
$10.01
$10.00
$20.01
$20.00
$40.02
$50.00
$100
$100
$200
$500
$1,001
$1,000
$2,001
$5,000
$10,006
$10,000
$20,011
$100,000
$200,115
$1,000,000
$2,001,150
Inflation by spending category, 1988–2014
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
2.70%
$200
Medical care
4.50%
$314
Energy
3.93%
$273
Food
2.81%
$205
Transportation
2.68%
$199
Housing
2.64%
$197
Core (all items less food & energy)
2.56%
$193
Apparel
0.38%
$110
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2014: $100 is worth $200 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2014/
APA: InflationCalculator.com. Inflation from 1988 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2014/