Food priced at $1 in 1968 $1.05 in 1969

Food Inflation Calculator

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Prices for Food, 1968-1969 ($1)

According to the U.S. Bureau of Labor Statistics, prices for food were 5.14% higher in 1969 versus 1968 (a $0.05 difference in value).

Between 1968 and 1969: Food experienced an average inflation rate of 5.14% per year. This rate of change indicates significant inflation. In other words, food costing $1 in the year 1968 would cost $1.05 in 1969 for an equivalent purchase. Compared to the overall inflation rate of 5.46% during this same period, inflation for food was lower.

In the year 1968: Pricing changed by 3.61%, which is below the average yearly change for food during the 1968-1969 time period. Compared to inflation for all items in 1968 (4.27%), inflation for food was lower.

Price Inflation for Food since 1913

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1917 (28.65%), 1921 (-24.20%), and 1947 (21.43%).

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Hospital services · Admission to sporting events · Juices and nonalcoholic drinks · Legal services · More

Buying power of $1.00 since 1968

Below are calculations of equivalent buying power for Food, over time, for $1 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$1.003.61%
1969$1.055.14%
1970$1.115.64%
1971$1.142.94%
1972$1.194.31%
1973$1.3714.46%
1974$1.5614.40%
1975$1.698.49%
1976$1.753.07%
1977$1.866.30%
1978$2.049.98%
1979$2.2610.91%
1980$2.468.59%
1981$2.657.82%
1982$2.764.05%
1983$2.822.11%
1984$2.933.85%
1985$2.992.27%
1986$3.093.20%
1987$3.224.17%
1988$3.354.13%
1989$3.545.84%
1990$3.755.83%
1991$3.862.93%
1992$3.911.20%
1993$3.992.15%
1994$4.092.42%
1995$4.212.87%
1996$4.343.28%
1997$4.462.60%
1998$4.552.17%
1999$4.652.13%
2000$4.762.26%
2001$4.903.14%
2002$4.991.81%
2003$5.102.13%
2004$5.283.44%
2005$5.402.44%
2006$5.532.34%
2007$5.753.97%
2008$6.075.51%
2009$6.181.80%
2010$6.220.77%
2011$6.463.74%
2012$6.622.61%
2013$6.721.39%
2014$6.882.40%
2015$7.011.86%
2016$7.030.28%
2017$7.090.86%
2018$7.181.40%
2019$7.321.88%
2020$7.573.45%
2021$7.873.94%
2022$8.659.95%
2023$9.155.76%
2024$9.281.41%*

* 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:

Year1913191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.92310.15410.05411.27714.50816.70018.57720.97715.90014.89215.38515.23116.50017.04616.43116.24616.45415.64612.90010.72310.41511.60812.45412.56913.08512.13811.82311.98513.07715.38517.10016.87717.26219.81524.06226.08525.06225.39228.22328.72328.26928.23827.81528.02328.92330.16929.66230.01530.36230.63131.06931.47732.17733.80834.06235.29237.10839.20040.35442.09248.17755.11559.79261.63165.51572.05479.91586.77793.56297.35499.408103.231105.569108.946113.485118.177125.077132.369136.254137.892140.862144.277148.415153.285157.277160.685164.100167.815173.085176.215179.977186.177190.723195.177202.916214.106217.955219.625227.842233.777237.037242.725247.235247.931250.065253.558258.316267.219277.756305.388322.965327.529

Adjust food prices for inflation

Start with the inflation rate formula:

CPI in 1969 / CPI in 1968 * 1968 USD value = 1969 USD value

Then plug in historical CPI values from above. The CPI for Food was 35.292 in the year 1968 and 37.108 in 1969:

37.108 / 35.292 * $1 = $1.05

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1968 has the same "purchasing power" as $1.05 in 1969 (in the CPI category of Food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food in 1913. In addition to food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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