$22 in 1988 is worth $57.72 today

$
$ 57.72

The Impact of Inflation on value of $22 from 1988 to 2024

In 1913 the price of $22 is approximately equal to $57.72 in 2024. Prices changed by 2.76% (or $0.99) per year on average during that period. It means that every purchase will cost you 2.62 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $22 in 1988 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.


How Much is $22 in 1988 Worth Today?

  • Converted Amount: The $22 from 1988, adjusted for inflation, would be equivalent to $57.72 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 162.35%.
  • Average Inflation Rate: The average annual inflation rate between 1988 and 2024 has been 2.76%.
Inflation from 1988 to 2024
Cumulative price change 162.35%
Average inflation rate 2.76%
Converted amount 57.72
Price difference 35.72
CPI in 1988 118.3
CPI in 2024310.358
Inflation in 19884.14%
Inflation in 20241.86%
22 in 198857.72 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1988: 118.3
  • CPI in 2024: 310.358

Inflation Rate at 1988 and 2024

  • Inflation in 1988: 4.14%
  • Inflation in 2024: 1.86%

Price Difference

  • The price difference between 1988 and 2024 is $35.72.

1988 to 2024 Inflation Calculator

To understand the transformation of $22 from 1988 into 2024 US dollars, consider the following table:

YearCPIInflation rateValue in 2024
1988118.34.14%$22
2024310.3581.86%$57.72

This table highlights the key figures that affect how the value of money changes over time due to inflation.

Buying Power of $22 in 1988

$22 in the year 1988 is now worth $57.72 in 2024, showing a substantial increase of $35.72 over the years. This change underscores how the average inflation rate of 2.76% annually has eroded the purchasing power of the US dollar.

Inflation from 1988 to 2024
Cumulative price change 162.35%
Average inflation rate 2.76%
Converted amount 57.72
Price difference 35.72
CPI in 1988 118.3
CPI in 2024310.358
Inflation in 19884.14%
Inflation in 20241.86%
22 in 198857.72 in 2024