Between 1988 and 2015, the Consumer Price Index went from 118.3 to 237.017.
Cumulatively, prices increased 100.4%, which works out to an average of
2.61% per year. Put differently, a dollar in 1988 bought what
$0.50 buys in 2015.
Common amounts: 1988 dollars in 2015
Amount in 1988
Value in 2015
$1.00
$2.00
$5.00
$10.02
$10.00
$20.04
$20.00
$40.07
$50.00
$100
$100
$200
$500
$1,002
$1,000
$2,004
$5,000
$10,018
$10,000
$20,035
$100,000
$200,352
$1,000,000
$2,003,525
Inflation by spending category, 1988–2015
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2015, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
2.61%
$200
Medical care
4.43%
$322
Energy
3.09%
$227
Food
2.77%
$209
Housing
2.62%
$201
Core (all items less food & energy)
2.53%
$196
Transportation
2.27%
$183
Apparel
0.32%
$109
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2015: $100 is worth $200 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2015/
APA: InflationCalculator.com. Inflation from 1988 to 2015. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2015/