According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 53.17% higher in 2019 versus 2000 (a $10.63 difference in value).
Between 2000 and 2019: Food and beverages experienced an average inflation rate of 2.27% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $20 in the year 2000 would cost $30.63 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for food and beverages was higher.
In the year 2000: Pricing changed by 2.31%, which is above the average yearly change for food and beverages during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for food and beverages was lower.
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 |
CPI | 34.992 | 36.233 | 38.050 | 40.125 | 41.375 | 43.075 | 48.800 | 55.508 | 60.192 | 62.075 | 65.767 | 72.183 | 79.933 | 86.750 | 93.517 | 97.300 | 99.475 | 103.217 | 105.583 | 109.058 | 113.550 | 118.183 | 124.908 | 132.075 | 136.767 | 138.675 | 141.608 | 144.858 | 148.867 | 153.675 | 157.742 | 161.100 | 164.550 | 168.350 | 173.583 | 176.750 | 180.542 | 186.642 | 191.183 | 195.667 | 203.303 | 214.232 | 218.249 | 219.982 | 227.866 | 233.657 | 236.958 | 242.444 | 246.802 | 247.649 | 249.839 | 253.350 | 257.864 |
Below are calculations of equivalent buying power for Food and beverages, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $20.00 | 2.31% |
2001 | $20.62 | 3.11% |
2002 | $21.00 | 1.82% |
2003 | $21.45 | 2.15% |
2004 | $22.17 | 3.38% |
2005 | $22.71 | 2.43% |
2006 | $23.25 | 2.35% |
2007 | $24.15 | 3.90% |
2008 | $25.45 | 5.38% |
2009 | $25.93 | 1.87% |
2010 | $26.13 | 0.79% |
2011 | $27.07 | 3.58% |
2012 | $27.76 | 2.54% |
2013 | $28.15 | 1.41% |
2014 | $28.80 | 2.32% |
2015 | $29.32 | 1.80% |
2016 | $29.42 | 0.34% |
2017 | $29.68 | 0.88% |
2018 | $30.10 | 1.41% |
2019 | $30.63 | 1.78%* |