What things cost in 1988
42 items · 29 observed in the public record · 13 inflation-estimated
| Item | In 1988 | Today's money |
|---|---|---|
| Average home sale price / each | $134,800 | $384,430 |
| Average hourly earnings, private / hour | $9.41 | $26.63 |
| Bacon / lb | $1.90 | $5.38 |
| Bananas / lb | $0.50 | $1.42 |
| Bread, white / lb | $0.60 | $1.70 |
| Cheddar cheese, natural / lb | $3.16 | $8.94 |
| Chicken legs, bone-in / lb | $1.14 | $3.23 |
| Chicken, whole / lb | $0.87 | $2.46 |
| Coffee / lb | $2.74 | $7.75 |
| Eggs, grade A large / dozen | $0.71 | $2.01 |
| Electricity / kwh | $0.08 | $0.24 |
| Flour, white / lb | $0.21 | $0.59 |
| Fuel oil #2 / gallon | $0.86 | $2.43 |
| Ground beef / lb | $1.39 | $3.93 |
| Ice cream / half gallon | $2.43 | $6.88 |
| Lemons / lb | $0.90 | $2.55 |
| Median home sale price / each | $110,000 | $313,704 |
| Median household income / year | $27,230 | $78,596 |
| Minimum wage, federal / hour | $3.35 | $9.48 |
| Natural gas / therm | $0.59 | $1.67 |
| Orange juice, frozen concentrate / 16 oz | $1.90 | $5.38 |
| Oranges, navel / lb | $0.60 | $1.71 |
| Potato chips / 16 oz | $2.57 | $7.27 |
| Potatoes, white / lb | $0.26 | $0.74 |
| Rice, white / lb | $0.49 | $1.39 |
| Spaghetti and macaroni / lb | $0.78 | $2.21 |
| Strawberries / 12 oz | $0.94 | $2.66 |
| Sugar, white / lb | $0.36 | $1.02 |
| Tomatoes / lb | $0.77 | $2.18 |
| Beans, dried, any type / lb | $0.54 | $1.53 |
| Butter, stick / lb | $2.00 | $5.66 |
| Chicken breast, boneless / lb | $1.98 | $5.61 |
| Diesel, all types / gallon | $0.97 | $2.76 |
| Gasoline, regular / gallon | $0.94 | $2.66 |
| Ham / lb | $2.63 | $7.45 |
| Lettuce, romaine / lb | $0.80 | $2.27 |
| Malt beverages, all types / 16 oz | $0.63 | $1.77 |
| Milk, whole / gallon | $1.94 | $5.48 |
| Soft drinks, all / 2 liter | $0.69 | $1.97 |
| Steak, sirloin, boneless / lb | $3.68 | $10.41 |
| Wine, red and white table / liter | $3.66 | $10.35 |
| Yogurt / 8 oz | $0.51 | $1.45 |