Vehicles priced at $1 in 1987 $1.02 in 1988

Historical Price Inflation for Vehicles

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Prices for Vehicles, 1987-1988 ($1)

According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 1.87% higher in 1988 versus 1987 (a $0.02 difference in value).

Between 1987 and 1988: Vehicles experienced an average inflation rate of 1.87% per year. In other words, vehicles costing $1 in the year 1987 would cost $1.02 in 1988 for an equivalent purchase. Compared to the overall inflation rate of 4.08% during this same period, inflation for vehicles was lower.

In the year 1987: Pricing changed by 3.41%, which is above the average yearly change for vehicles during the 1987-1988 time period. Compared to inflation for all items in 1987 (3.66%), inflation for vehicles was lower.

Price Inflation for New vehicles since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1986 (4.27%), 1991 (3.79%), and 1994 (3.67%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:

Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
CPI 102.633 106.067 110.600 114.367 116.500 119.200 121.400 126.000 129.200 132.733 137.600 140.967 143.700 144.267 143.433 142.867 142.767 142.133 140.000 137.867 137.067 137.933 137.600 136.254 134.194 135.623 138.005 141.883 144.232 145.783 146.275 147.135 147.358 146.992 146.287 147.498

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Buying power of $1 since 1987

Below are calculations of equivalent buying power for Vehicles, over time, for $1 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1987 $1.00 3.41%
1988 $1.02 1.87%
1989 $1.04 2.32%
1990 $1.06 1.85%
1991 $1.10 3.79%
1992 $1.13 2.54%
1993 $1.16 2.73%
1994 $1.20 3.67%
1995 $1.23 2.45%
1996 $1.26 1.94%
1997 $1.26 0.39%
1998 $1.25 -0.58%
1999 $1.25 -0.40%
2000 $1.25 -0.07%
2001 $1.24 -0.44%
2002 $1.22 -1.50%
2003 $1.21 -1.52%
2004 $1.20 -0.58%
2005 $1.21 0.63%
2006 $1.20 -0.24%
2007 $1.19 -0.98%
2008 $1.17 -1.51%
2009 $1.19 1.07%
2010 $1.21 1.76%
2011 $1.24 2.81%
2012 $1.26 1.66%
2013 $1.27 1.08%
2014 $1.28 0.34%
2015 $1.29 0.59%
2016 $1.29 0.15%
2017 $1.29 -0.25%
2018 $1.28 -0.48%
2019 $1.29 0.83%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for vehicles, 1987-1988

Start with the inflation rate formula:

CPI in 1988 / CPI in 1987 * 1987 USD value = 1988 USD value

Then plug in historical CPI values from above. The CPI for New vehicles was 114.367 in the year 1987 and 116.500 in 1988:

116.500 / 114.367 * $1 = $1.02

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1987 has the same "purchasing power" as $1.02 in 1988 (in the CPI category of New vehicles).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New vehicles in 1984. In addition to vehicles, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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