According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 829.42% higher in 2024 versus 1967 (a $846,009.34 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 $102,000 in the year 1967 would cost $948,009.34 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% 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 $102,000 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 | $102,000.00 | - |
1968 | $105,700.53 | 3.63% |
1969 | $110,970.98 | 4.99% |
1970 | $117,003.96 | 5.44% |
1971 | $120,614.78 | 3.09% |
1972 | $125,593.67 | 4.13% |
1973 | $142,279.68 | 13.29% |
1974 | $161,858.84 | 13.76% |
1975 | $175,517.15 | 8.44% |
1976 | $180,944.59 | 3.09% |
1977 | $191,732.19 | 5.96% |
1978 | $210,459.10 | 9.77% |
1979 | $232,998.68 | 10.71% |
1980 | $252,936.68 | 8.56% |
1981 | $272,605.54 | 7.78% |
1982 | $283,707.12 | 4.07% |
1983 | $290,031.66 | 2.23% |
1984 | $300,931.40 | 3.76% |
1985 | $307,951.19 | 2.33% |
1986 | $317,998.68 | 3.26% |
1987 | $330,939.31 | 4.07% |
1988 | $344,597.63 | 4.13% |
1989 | $364,131.93 | 5.67% |
1990 | $385,101.58 | 5.76% |
1991 | $398,827.18 | 3.56% |
1992 | $404,344.33 | 1.38% |
1993 | $412,799.47 | 2.09% |
1994 | $422,398.42 | 2.33% |
1995 | $434,038.26 | 2.76% |
1996 | $448,145.12 | 3.25% |
1997 | $459,897.10 | 2.62% |
1998 | $469,675.46 | 2.13% |
1999 | $479,790.24 | 2.15% |
2000 | $490,869.39 | 2.31% |
2001 | $506,052.77 | 3.09% |
2002 | $515,360.16 | 1.84% |
2003 | $526,372.03 | 2.14% |
2004 | $544,134.56 | 3.37% |
2005 | $557,366.75 | 2.43% |
2006 | $570,441.95 | 2.35% |
2007 | $592,733.71 | 3.91% |
2008 | $624,588.07 | 5.37% |
2009 | $636,320.32 | 1.88% |
2010 | $641,378.15 | 0.79% |
2011 | $664,358.43 | 3.58% |
2012 | $681,280.16 | 2.55% |
2013 | $690,889.64 | 1.41% |
2014 | $706,875.03 | 2.31% |
2015 | $719,574.56 | 1.80% |
2016 | $722,048.09 | 0.34% |
2017 | $728,417.03 | 0.88% |
2018 | $738,648.43 | 1.40% |
2019 | $752,254.26 | 1.84% |
2020 | $777,362.23 | 3.34% |
2021 | $807,068.50 | 3.82% |
2022 | $884,346.73 | 9.58% |
2023 | $934,403.88 | 5.66% |
2024 | $948,009.34 | 1.46%* |
* 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 | 325.154 |