Legal services priced at $10,000 in 1988 $36,733.12 in 2022

Legal Services Inflation Calculator

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Prices for Legal Services, 1988-2022 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for legal services are 267.33% higher in 2022 versus 1988 (a $26,733.12 difference in value).

Between 1988 and 2022: Legal services experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, legal services costing $10,000 in the year 1988 would cost $36,733.12 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation for legal services was higher.

In the year 1988: Pricing changed by 4.08%, which is above the average yearly change for legal services during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), inflation for legal services was higher.

Price Inflation for Legal services since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (7.40%), 1989 (5.99%), and 2002 (5.81%).

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Buying power of $10,000.00 since 1988

Below are calculations of equivalent buying power for Legal services, over time, for $10,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$10,000.004.08%
1989$10,599.465.99%
1990$11,383.977.40%
1991$12,035.585.72%
1992$12,652.195.12%
1993$13,185.204.21%
1994$13,631.753.39%
1995$14,084.023.32%
1996$14,590.603.60%
1997$15,216.494.29%
1998$15,945.274.79%
1999$16,716.924.84%
2000$17,586.455.20%
2001$18,527.445.35%
2002$19,603.465.81%
2003$20,593.035.05%
2004$21,573.314.76%
2005$22,454.994.09%
2006$23,221.633.41%
2007$24,175.144.11%
2008$25,146.024.02%
2009$25,835.242.74%
2010$26,762.573.59%
2011$27,626.143.23%
2012$28,186.922.03%
2013$28,962.712.75%
2014$29,582.742.14%
2015$30,053.241.59%
2016$31,067.573.38%
2017$32,174.113.56%
2018$33,553.714.29%
2019$33,879.660.97%
2020$34,248.191.09%
2021$34,773.871.53%
2022$36,733.125.63%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000103.438107.662114.115122.562129.577136.215141.954146.762151.631157.085163.823171.669179.977189.338199.469211.054221.708232.262241.754250.008260.273270.726278.146288.130297.427303.465311.817318.492323.558334.478346.391361.244364.754368.721374.381395.474

Adjust legal services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Legal services was 107.662 in the year 1988 and 395.474 in 2022:

395.474 / 107.662 * $10,000 = $36,733.12

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 1988 has the same "purchasing power" as $36,733.12 in 2022 (in the CPI category of Legal services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Legal services in 1986. In addition to legal services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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