Between 1989 and 1998, the Consumer Price Index went from 124 to 163.
Cumulatively, prices increased 31.5%, which works out to an average of
3.09% per year. Put differently, a dollar in 1989 bought what
$0.76 buys in 1998.
Common amounts: 1989 dollars in 1998
Amount in 1989
Value in 1998
$1.00
$1.31
$5.00
$6.57
$10.00
$13.15
$20.00
$26.29
$50.00
$65.73
$100
$131
$500
$657
$1,000
$1,315
$5,000
$6,573
$10,000
$13,145
$100,000
$131,452
$1,000,000
$1,314,516
Inflation by spending category, 1989–1998
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1989 spending costs in 1998, by category:
Category
Avg. yearly inflation
$100 in 1989 →
All items (CPI-U)
3.09%
$131
Medical care
5.52%
$162
Core (all items less food & energy)
3.34%
$134
Housing
2.99%
$130
Food
2.82%
$128
Transportation
2.43%
$124
Apparel
1.28%
$112
Energy
0.97%
$109
Not shown because the BLS began these indexes after 1989: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1989 to 1998: $100 is worth $131 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1989-to-1998/
APA: InflationCalculator.com. Inflation from 1989 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1989-to-1998/