Between 1988 and 2017, the Consumer Price Index went from 118.3 to 245.12.
Cumulatively, prices increased 107.2%, which works out to an average of
2.54% per year. Put differently, a dollar in 1988 bought what
$0.48 buys in 2017.
Common amounts: 1988 dollars in 2017
Amount in 1988
Value in 2017
$1.00
$2.07
$5.00
$10.36
$10.00
$20.72
$20.00
$41.44
$50.00
$104
$100
$207
$500
$1,036
$1,000
$2,072
$5,000
$10,360
$10,000
$20,720
$100,000
$207,202
$1,000,000
$2,072,020
Inflation by spending category, 1988–2017
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
2.54%
$207
Medical care
4.34%
$343
Energy
2.90%
$229
Housing
2.63%
$212
Food
2.62%
$212
Core (all items less food & energy)
2.49%
$204
Transportation
2.15%
$185
Apparel
0.29%
$109
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2017: $100 is worth $207 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2017/
APA: InflationCalculator.com. Inflation from 1988 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2017/