According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 833.99% higher in 2024 versus 1967 (a $20,849.85 difference in value).
Between 1967 and 2024: Food and beverages experienced an average inflation rate of 4% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $2,500 in the year 1967 would cost $23,349.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.01% 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 $2,500 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 | $2,500.00 | - |
| 1968 | $2,590.70 | 3.63% |
| 1969 | $2,719.88 | 4.99% |
| 1970 | $2,867.74 | 5.44% |
| 1971 | $2,956.24 | 3.09% |
| 1972 | $3,078.28 | 4.13% |
| 1973 | $3,487.25 | 13.29% |
| 1974 | $3,967.13 | 13.76% |
| 1975 | $4,301.89 | 8.44% |
| 1976 | $4,434.92 | 3.09% |
| 1977 | $4,699.32 | 5.96% |
| 1978 | $5,158.31 | 9.77% |
| 1979 | $5,710.75 | 10.71% |
| 1980 | $6,199.43 | 8.56% |
| 1981 | $6,681.51 | 7.78% |
| 1982 | $6,953.61 | 4.07% |
| 1983 | $7,108.62 | 2.23% |
| 1984 | $7,375.77 | 3.76% |
| 1985 | $7,547.82 | 2.33% |
| 1986 | $7,794.09 | 3.26% |
| 1987 | $8,111.26 | 4.07% |
| 1988 | $8,446.02 | 4.13% |
| 1989 | $8,924.80 | 5.67% |
| 1990 | $9,438.76 | 5.76% |
| 1991 | $9,775.18 | 3.56% |
| 1992 | $9,910.40 | 1.38% |
| 1993 | $10,117.63 | 2.09% |
| 1994 | $10,352.90 | 2.33% |
| 1995 | $10,638.19 | 2.76% |
| 1996 | $10,983.95 | 3.25% |
| 1997 | $11,271.99 | 2.62% |
| 1998 | $11,511.65 | 2.13% |
| 1999 | $11,759.56 | 2.15% |
| 2000 | $12,031.11 | 2.31% |
| 2001 | $12,403.25 | 3.09% |
| 2002 | $12,631.38 | 1.84% |
| 2003 | $12,901.28 | 2.14% |
| 2004 | $13,336.63 | 3.37% |
| 2005 | $13,660.95 | 2.43% |
| 2006 | $13,981.42 | 2.35% |
| 2007 | $14,527.79 | 3.91% |
| 2008 | $15,308.53 | 5.37% |
| 2009 | $15,596.09 | 1.88% |
| 2010 | $15,720.05 | 0.79% |
| 2011 | $16,283.29 | 3.58% |
| 2012 | $16,698.04 | 2.55% |
| 2013 | $16,933.57 | 1.41% |
| 2014 | $17,325.37 | 2.31% |
| 2015 | $17,636.63 | 1.80% |
| 2016 | $17,697.26 | 0.34% |
| 2017 | $17,853.36 | 0.88% |
| 2018 | $18,104.13 | 1.40% |
| 2019 | $18,437.60 | 1.84% |
| 2020 | $19,053.00 | 3.34% |
| 2021 | $19,781.09 | 3.82% |
| 2022 | $21,675.16 | 9.58% |
| 2023 | $22,902.06 | 5.66% |
| 2024 | $23,349.85 | 1.96%* |
* 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 | 326.754 |