According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 830.10% higher in 2024 versus 1967 (a $210,845,830,035.18 difference in value).
Between 1967 and 2024: Food and beverages experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $25,400,000,000 in the year 1967 would cost $236,245,830,035.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.00% during this same period, inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $25,400,000,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1967 | $25,400,000,000.00 | - |
1968 | $26,321,503,957.78 | 3.63% |
1969 | $27,633,948,988.57 | 4.99% |
1970 | $29,136,279,683.38 | 5.44% |
1971 | $30,035,444,151.28 | 3.09% |
1972 | $31,275,285,839.93 | 4.13% |
1973 | $35,430,430,958.66 | 13.29% |
1974 | $40,306,024,626.21 | 13.76% |
1975 | $43,707,211,961.30 | 8.44% |
1976 | $45,058,751,099.38 | 3.09% |
1977 | $47,745,074,758.14 | 5.96% |
1978 | $52,408,443,271.77 | 9.77% |
1979 | $58,021,240,105.54 | 10.71% |
1980 | $62,986,191,732.63 | 8.56% |
1981 | $67,884,124,890.06 | 7.78% |
1982 | $70,648,636,763.41 | 4.07% |
1983 | $72,223,570,800.35 | 2.23% |
1984 | $74,937,818,821.46 | 3.76% |
1985 | $76,685,883,905.01 | 2.33% |
1986 | $79,187,906,772.21 | 3.26% |
1987 | $82,410,378,188.21 | 4.07% |
1988 | $85,811,565,523.31 | 4.13% |
1989 | $90,675,989,445.91 | 5.67% |
1990 | $95,897,845,206.68 | 5.76% |
1991 | $99,315,787,159.19 | 3.56% |
1992 | $100,689,665,787.16 | 1.38% |
1993 | $102,795,162,708.88 | 2.09% |
1994 | $105,185,488,126.65 | 2.33% |
1995 | $108,084,036,939.31 | 2.76% |
1996 | $111,596,921,723.83 | 3.25% |
1997 | $114,523,394,898.86 | 2.62% |
1998 | $116,958,399,296.39 | 2.13% |
1999 | $119,477,176,781.00 | 2.15% |
2000 | $122,236,103,781.88 | 2.31% |
2001 | $126,017,062,445.03 | 3.09% |
2002 | $128,334,784,520.67 | 1.84% |
2003 | $131,076,956,904.13 | 2.14% |
2004 | $135,500,175,901.50 | 3.37% |
2005 | $138,795,250,659.63 | 2.43% |
2006 | $142,051,231,310.47 | 2.35% |
2007 | $147,602,315,303.43 | 3.91% |
2008 | $155,534,677,220.76 | 5.37% |
2009 | $158,456,235,708.00 | 1.88% |
2010 | $159,715,736,147.76 | 0.79% |
2011 | $165,438,275,725.59 | 3.58% |
2012 | $169,652,117,854.00 | 2.55% |
2013 | $172,045,068,161.83 | 1.41% |
2014 | $176,025,741,864.56 | 2.31% |
2015 | $179,188,175,901.50 | 1.80% |
2016 | $179,804,131,486.37 | 0.34% |
2017 | $181,390,123,570.80 | 0.88% |
2018 | $183,937,942,392.26 | 1.40% |
2019 | $187,326,061,125.77 | 1.84% |
2020 | $193,578,437,554.97 | 3.34% |
2021 | $200,975,880,386.98 | 3.82% |
2022 | $220,219,675,461.74 | 9.58% |
2023 | $232,684,887,423.04 | 5.66% |
2024 | $236,245,830,035.18 | 1.53%* |
* 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 Food and beverages:
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 34.985 | 36.254 | 38.062 | 40.131 | 41.369 | 43.077 | 48.800 | 55.515 | 60.200 | 62.062 | 65.762 | 72.185 | 79.915 | 86.754 | 93.500 | 97.308 | 99.477 | 103.215 | 105.623 | 109.069 | 113.508 | 118.192 | 124.892 | 132.085 | 136.792 | 138.685 | 141.585 | 144.877 | 148.869 | 153.708 | 157.738 | 161.092 | 164.562 | 168.362 | 173.569 | 176.762 | 180.538 | 186.631 | 191.169 | 195.654 | 203.300 | 214.225 | 218.249 | 219.984 | 227.866 | 233.670 | 236.966 | 242.449 | 246.804 | 247.653 | 249.837 | 253.346 | 258.013 | 266.625 | 276.814 | 303.319 | 320.488 | 325.392 |