According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 754.91% higher in 2024 versus 1969 (a $1,396,586,423.81 difference in value).
Between 1969 and 2024: Food and beverages experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $185,000,000 in the year 1969 would cost $1,581,586,423.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.96% during this same period, inflation for food and beverages was higher.
In the year 1969: Pricing changed by 4.99%, which is above the average yearly change for food and beverages during the 1969-2024 time period. Compared to inflation for all items in 1969 (5.46%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $185,000,000 beginning in 1969. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1969 | $185,000,000.00 | 4.99% |
1970 | $195,057,599.03 | 5.44% |
1971 | $201,077,202.91 | 3.09% |
1972 | $209,377,526.27 | 4.13% |
1973 | $237,194,826.19 | 13.29% |
1974 | $269,835,286.98 | 13.76% |
1975 | $292,605,092.97 | 8.44% |
1976 | $301,653,193.21 | 3.09% |
1977 | $319,637,227.16 | 5.96% |
1978 | $350,856,911.88 | 9.77% |
1979 | $388,432,700.08 | 10.71% |
1980 | $421,671,382.38 | 8.56% |
1981 | $454,461,398.54 | 7.78% |
1982 | $472,968,876.31 | 4.07% |
1983 | $483,512,530.32 | 2.23% |
1984 | $501,683,508.49 | 3.76% |
1985 | $513,386,216.65 | 2.33% |
1986 | $530,136,418.76 | 3.26% |
1987 | $551,709,781.73 | 4.07% |
1988 | $574,479,587.71 | 4.13% |
1989 | $607,045,270.82 | 5.67% |
1990 | $642,003,839.94 | 5.76% |
1991 | $664,885,812.45 | 3.56% |
1992 | $674,083,468.07 | 1.38% |
1993 | $688,179,062.25 | 2.09% |
1994 | $704,181,487.47 | 2.33% |
1995 | $723,586,297.49 | 2.76% |
1996 | $747,103,880.36 | 3.25% |
1997 | $766,695,634.60 | 2.62% |
1998 | $782,997,170.57 | 2.13% |
1999 | $799,859,539.21 | 2.15% |
2000 | $818,329,628.13 | 2.31% |
2001 | $843,641,875.51 | 3.09% |
2002 | $859,158,245.76 | 1.84% |
2003 | $877,516,168.15 | 2.14% |
2004 | $907,128,132.58 | 3.37% |
2005 | $929,187,550.53 | 2.43% |
2006 | $950,985,246.56 | 2.35% |
2007 | $988,147,888.04 | 3.91% |
2008 | $1,041,252,384.80 | 5.37% |
2009 | $1,060,811,236.86 | 1.88% |
2010 | $1,069,243,168.96 | 0.79% |
2011 | $1,107,553,647.94 | 3.58% |
2012 | $1,135,763,904.61 | 2.55% |
2013 | $1,151,783,902.59 | 1.41% |
2014 | $1,178,433,175.02 | 2.31% |
2015 | $1,199,604,607.92 | 1.80% |
2016 | $1,203,728,223.52 | 0.34% |
2017 | $1,214,345,907.44 | 0.88% |
2018 | $1,231,402,698.06 | 1.40% |
2019 | $1,254,085,014.15 | 1.84% |
2020 | $1,295,942,572.76 | 3.34% |
2021 | $1,345,465,966.05 | 3.82% |
2022 | $1,474,296,705.74 | 9.58% |
2023 | $1,557,747,109.94 | 5.66% |
2024 | $1,581,586,423.81 | 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 |