★ Historical pricing for Other services in 1988

Other services priced at $20 in 1988 → $52.83 in 2018

Historical Price Inflation for Other services

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Prices for Other Services, 1988-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other services were 164.17% higher in 2018 versus 1988.

Between 1988 and 2018: Other services experienced an average inflation rate of 3.29% per year. This rate of change indicates significant inflation. In other words, other services costing $20 in the year 1988 would cost $52.83 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for other services was similar.

In the year 1988: Pricing changed by 5.48%, above the average yearly change for other services during the 1988-2018 time period. Compared to inflation for all items in 1988 (4.08%), price inflation for other services was higher.

Price Inflation for Other services since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (9.50%), 1981 (9.33%), and 1982 (8.64%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other services:

Year 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 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
CPI 35.985 38.069 39.969 42.192 44.392 45.615 47.677 51.292 55.069 58.408 62.054 66.454 71.877 78.708 86.054 93.485 100.008 106.492 113.000 119.377 125.708 132.600 140.900 150.169 159.800 168.508 176.977 185.423 193.262 201.362 209.577 216.915 223.108 229.869 238.038 246.408 254.400 261.254 268.362 277.492 285.559 295.780 303.992 309.602 314.431 322.304 328.746 334.384 339.394 346.037 347.781 350.291
View price changes for other categories
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How to calculate the inflation rate for other services, 1988-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1988 * 1988 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Other services was 132.600 in the year 1988 and 350.291 in 2018:

350.291 / 132.600 * $20 = $52.83

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $52.83 in 2018 (in the category of Other services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other services in 1967. In addition to other services, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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