Food and beverages priced at $3,200 in 1967 $24,304.83 in 2020

Food And Beverages Inflation Calculator

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Prices for Food And Beverages, 1967-2020 ($3,200)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 659.53% higher in 2020 versus 1967 (a $21,104.83 difference in value).

Between 1967 and 2020: Food and beverages experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $3,200 in the year 1967 would cost $24,304.83 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for food and beverages was lower.

Price Inflation for Food and beverages since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (13.75%), 1973 (13.29%), and 1979 (10.74%).

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
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 99.475 103.217 105.583 109.058 113.550 118.183 124.908 132.075 136.767 138.675 141.608 144.858 148.867 153.675 157.742 161.100 164.550 168.350 173.583 176.750 180.542 186.642 191.183 195.667 203.303 214.232 218.249 219.982 227.866 233.657 236.958 242.444 246.804 247.651 249.842 253.353 258.017 265.771

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Buying power of $3200 since 1967

Below are calculations of equivalent buying power for Food and beverages, over time, for $3200 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 $3,200.00 -
1968 $3,313.55 3.55%
1969 $3,479.69 5.01%
1970 $3,669.45 5.45%
1971 $3,783.76 3.12%
1972 $3,939.22 4.11%
1973 $4,462.78 13.29%
1974 $5,076.26 13.75%
1975 $5,504.55 8.44%
1976 $5,676.78 3.13%
1977 $6,014.38 5.95%
1978 $6,601.19 9.76%
1979 $7,309.93 10.74%
1980 $7,933.32 8.53%
1981 $8,552.13 7.80%
1982 $8,898.12 4.05%
1983 $9,097.02 2.24%
1984 $9,439.20 3.76%
1985 $9,655.63 2.29%
1986 $9,973.42 3.29%
1987 $10,384.19 4.12%
1988 $10,807.91 4.08%
1989 $11,422.91 5.69%
1990 $12,078.30 5.74%
1991 $12,507.36 3.55%
1992 $12,681.88 1.40%
1993 $12,950.13 2.12%
1994 $13,247.34 2.30%
1995 $13,613.91 2.77%
1996 $14,053.63 3.23%
1997 $14,425.53 2.65%
1998 $14,732.65 2.13%
1999 $15,048.15 2.14%
2000 $15,395.67 2.31%
2001 $15,874.26 3.11%
2002 $16,163.85 1.82%
2003 $16,510.60 2.15%
2004 $17,068.44 3.38%
2005 $17,483.78 2.43%
2006 $17,893.78 2.35%
2007 $18,592.17 3.90%
2008 $19,591.59 5.38%
2009 $19,958.92 1.87%
2010 $20,117.44 0.79%
2011 $20,838.40 3.58%
2012 $21,368.00 2.54%
2013 $21,669.85 1.41%
2014 $22,171.63 2.32%
2015 $22,570.35 1.80%
2016 $22,647.75 0.34%
2017 $22,848.14 0.88%
2018 $23,169.17 1.41%
2019 $23,595.72 1.84%
2020 $24,304.83 3.01%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for food and beverages, 1967-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1967 * 1967 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 34.992 in the year 1967 and 265.771 in 2020:

265.771 / 34.992 * $3,200 = $24,304.83

Therefore, according to U.S. Bureau of Labor Statistics, $3,200 in 1967 has the same "purchasing power" as $24,304.83 in 2020 (in the CPI category of Food and beverages).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food and beverages in 1967. In addition to food and beverages, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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