According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 829.42% higher in 2024 versus 1967 (a $1,534,428,697,596.01 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 $185,000,000,000 in the year 1967 would cost $1,719,428,697,596.01 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 $185,000,000,000 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 | $185,000,000,000.00 | - |
1968 | $191,711,741,424.80 | 3.63% |
1969 | $201,270,888,302.55 | 4.99% |
1970 | $212,213,060,686.02 | 5.44% |
1971 | $218,762,093,227.79 | 3.09% |
1972 | $227,792,436,235.71 | 4.13% |
1973 | $258,056,288,478.45 | 13.29% |
1974 | $293,567,502,198.77 | 13.76% |
1975 | $318,339,929,639.40 | 8.44% |
1976 | $328,183,817,062.45 | 3.09% |
1977 | $347,749,560,246.26 | 5.96% |
1978 | $381,715,039,577.84 | 9.77% |
1979 | $422,595,646,437.99 | 10.71% |
1980 | $458,757,695,690.41 | 8.56% |
1981 | $494,431,618,293.76 | 7.78% |
1982 | $514,566,842,568.16 | 4.07% |
1983 | $526,037,818,821.46 | 2.23% |
1984 | $545,806,948,109.06 | 3.76% |
1985 | $558,538,918,205.80 | 2.33% |
1986 | $576,762,313,104.66 | 3.26% |
1987 | $600,233,069,481.09 | 4.07% |
1988 | $625,005,496,921.72 | 4.13% |
1989 | $660,435,356,200.53 | 5.67% |
1990 | $698,468,557,607.74 | 5.76% |
1991 | $723,363,016,710.64 | 3.56% |
1992 | $733,369,613,016.71 | 1.38% |
1993 | $748,704,925,241.86 | 2.09% |
1994 | $766,114,775,725.59 | 2.33% |
1995 | $787,226,253,298.15 | 2.76% |
1996 | $812,812,225,153.91 | 3.25% |
1997 | $834,127,088,830.25 | 2.62% |
1998 | $851,862,357,080.04 | 2.13% |
1999 | $870,207,783,641.16 | 2.15% |
2000 | $890,302,330,694.81 | 2.31% |
2001 | $917,840,809,146.88 | 3.09% |
2002 | $934,721,855,760.77 | 1.84% |
2003 | $954,694,371,152.15 | 2.14% |
2004 | $986,910,729,991.20 | 3.37% |
2005 | $1,010,910,290,237.47 | 2.43% |
2006 | $1,034,625,109,938.43 | 2.35% |
2007 | $1,075,056,233,509.23 | 3.91% |
2008 | $1,132,831,310,466.14 | 5.37% |
2009 | $1,154,110,378,188.21 | 1.88% |
2010 | $1,163,283,905,013.19 | 0.79% |
2011 | $1,204,963,819,261.21 | 3.58% |
2012 | $1,235,655,189,094.11 | 2.55% |
2013 | $1,253,084,157,871.59 | 1.41% |
2014 | $1,282,077,253,737.91 | 2.31% |
2015 | $1,305,110,729,991.20 | 1.80% |
2016 | $1,309,597,020,668.43 | 0.34% |
2017 | $1,321,148,537,818.82 | 0.88% |
2018 | $1,339,705,485,927.88 | 1.40% |
2019 | $1,364,382,728,671.94 | 1.84% |
2020 | $1,409,921,690,853.12 | 3.34% |
2021 | $1,463,800,703,605.98 | 3.82% |
2022 | $1,603,962,203,166.23 | 9.58% |
2023 | $1,694,752,132,805.63 | 5.66% |
2024 | $1,719,428,697,596.01 | 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 |