Between 1988 and 2018, the Consumer Price Index went from 118.3 to 251.107.
Cumulatively, prices increased 112.3%, which works out to an average of
2.54% per year. Put differently, a dollar in 1988 bought what
$0.47 buys in 2018.
Common amounts: 1988 dollars in 2018
Amount in 1988
Value in 2018
$1.00
$2.12
$5.00
$10.61
$10.00
$21.23
$20.00
$42.45
$50.00
$106
$100
$212
$500
$1,061
$1,000
$2,123
$5,000
$10,613
$10,000
$21,226
$100,000
$212,263
$1,000,000
$2,122,629
Inflation by spending category, 1988–2018
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1988 spending costs in 2018, by category:
Category
Avg. yearly inflation
$100 in 1988 →
All items (CPI-U)
2.54%
$212
Medical care
4.26%
$350
Energy
3.05%
$246
Housing
2.63%
$218
Food
2.58%
$215
Core (all items less food & energy)
2.48%
$209
Transportation
2.23%
$194
Apparel
0.28%
$109
Not shown because the BLS began these indexes after 1988: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1988 to 2018: $100 is worth $212 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1988-to-2018/
APA: InflationCalculator.com. Inflation from 1988 to 2018. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1988-to-2018/