According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 748.87% higher in 2022 versus 1967 (a $3,519,684.54 difference in value).
Between 1967 and 2022: Food and beverages experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $470,000 in the year 1967 would cost $3,989,684.54 in 2022 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 $470,000 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 | $470,000.00 | - |
| 1968 | $486,677.78 | 3.55% |
| 1969 | $511,078.83 | 5.01% |
| 1970 | $538,949.75 | 5.45% |
| 1971 | $555,739.46 | 3.12% |
| 1972 | $578,573.47 | 4.11% |
| 1973 | $655,470.35 | 13.29% |
| 1974 | $745,575.14 | 13.75% |
| 1975 | $808,480.59 | 8.44% |
| 1976 | $833,777.09 | 3.13% |
| 1977 | $883,362.71 | 5.95% |
| 1978 | $969,549.89 | 9.76% |
| 1979 | $1,073,646.11 | 10.74% |
| 1980 | $1,165,206.00 | 8.53% |
| 1981 | $1,256,094.31 | 7.80% |
| 1982 | $1,306,911.17 | 4.05% |
| 1983 | $1,336,125.27 | 2.24% |
| 1984 | $1,386,382.47 | 3.76% |
| 1985 | $1,418,170.99 | 2.29% |
| 1986 | $1,464,846.39 | 3.29% |
| 1987 | $1,525,177.42 | 4.12% |
| 1988 | $1,587,411.29 | 4.08% |
| 1989 | $1,677,739.94 | 5.69% |
| 1990 | $1,774,000.95 | 5.74% |
| 1991 | $1,837,018.34 | 3.55% |
| 1992 | $1,862,650.63 | 1.40% |
| 1993 | $1,902,050.49 | 2.12% |
| 1994 | $1,945,703.74 | 2.30% |
| 1995 | $1,999,542.75 | 2.77% |
| 1996 | $2,064,127.17 | 3.23% |
| 1997 | $2,118,749.70 | 2.65% |
| 1998 | $2,163,858.06 | 2.13% |
| 1999 | $2,210,197.67 | 2.14% |
| 2000 | $2,261,238.39 | 2.31% |
| 2001 | $2,331,531.32 | 3.11% |
| 2002 | $2,374,065.25 | 1.82% |
| 2003 | $2,424,994.05 | 2.15% |
| 2004 | $2,506,927.84 | 3.38% |
| 2005 | $2,567,930.46 | 2.43% |
| 2006 | $2,628,149.56 | 2.35% |
| 2007 | $2,730,724.62 | 3.90% |
| 2008 | $2,877,514.84 | 5.38% |
| 2009 | $2,931,465.78 | 1.87% |
| 2010 | $2,954,748.63 | 0.79% |
| 2011 | $3,060,640.22 | 3.58% |
| 2012 | $3,138,424.72 | 2.54% |
| 2013 | $3,182,759.63 | 1.41% |
| 2014 | $3,256,457.51 | 2.32% |
| 2015 | $3,315,020.03 | 1.80% |
| 2016 | $3,326,461.66 | 0.35% |
| 2017 | $3,355,793.28 | 0.88% |
| 2018 | $3,402,910.81 | 1.40% |
| 2019 | $3,465,573.37 | 1.84% |
| 2020 | $3,581,164.94 | 3.34% |
| 2021 | $3,718,052.58 | 3.82% |
| 2022 | $3,989,684.54 | 7.31%* |
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 |
| 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 | 246.804 | 247.656 | 249.840 | 253.348 | 258.013 | 266.619 | 276.810 | 297.033 |