THE GROCERY PRICE INDEX

How much did coffee cost in 1988?

Coffee averaged $2.77 per lb in 1988 — about $7.85 in 2026 dollars.

Monthly average price (USD per lb) · 1988

$2.61$2.70$2.78$2.86$2.95 $2.93 198819881988198819881988

In 1988, coffee averaged $2.77 per lb at the U.S. city average, across all twelve months, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $2.63 in March to $2.93 in December. Over the year it rose from $2.64 in January to $2.93 in December, a 11.0% increase.

Adjusted for inflation, $2.77 in 1988 is worth about $7.85 in 2026 dollars. Today coffee averages $9.51 per lb, so in real terms it is 21% more expensive than it was in 1988. In plain (unadjusted) dollars the price is up 243% versus the 1988 average.

1988 monthly prices

MonthPriceMoM
January $2.64 ▲ 3.2%
February $2.67 ▲ 1.1%
March $2.63 ▼ 1.2%
April $2.70 ▲ 2.5%
May $2.73 ▲ 1.1%
June $2.74 ▲ 0.2%
July $2.78 ▲ 1.8%
August $2.83 ▲ 1.8%
September $2.84 ▲ 0.2%
October $2.86 ▲ 0.5%
November $2.89 ▲ 1.3%
December $2.93 ▲ 1.1%
1988 average$2.77

FAQ

What was the average price of coffee in 1988?

Coffee averaged $2.77 per lb in 1988, based on 12 months of BLS average price data.

How much is $2.77 of 1988 coffee worth today?

Adjusted for inflation with the CPI-U, $2.77 in 1988 is about $7.85 in 2026 dollars.

How does the 1988 price of coffee compare to now?

Coffee now averages $9.51 per lb, up 243% from the 1988 average of $2.77.