According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 740.43% higher in 2022 versus 1967 (a $296,172.84 difference in value).
Between 1967 and 2022: Food and beverages experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $40,000 in the year 1967 would cost $336,172.84 in 2022 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 $40,000 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 | $40,000.00 | - |
| 1968 | $41,419.39 | 3.55% |
| 1969 | $43,496.07 | 5.01% |
| 1970 | $45,868.06 | 5.45% |
| 1971 | $47,296.98 | 3.12% |
| 1972 | $49,240.30 | 4.11% |
| 1973 | $55,784.71 | 13.29% |
| 1974 | $63,453.20 | 13.75% |
| 1975 | $68,806.86 | 8.44% |
| 1976 | $70,959.75 | 3.13% |
| 1977 | $75,179.80 | 5.95% |
| 1978 | $82,514.88 | 9.76% |
| 1979 | $91,374.14 | 10.74% |
| 1980 | $99,166.47 | 8.53% |
| 1981 | $106,901.64 | 7.80% |
| 1982 | $111,226.48 | 4.05% |
| 1983 | $113,712.79 | 2.24% |
| 1984 | $117,990.00 | 3.76% |
| 1985 | $120,695.40 | 2.29% |
| 1986 | $124,667.78 | 3.29% |
| 1987 | $129,802.33 | 4.12% |
| 1988 | $135,098.83 | 4.08% |
| 1989 | $142,786.38 | 5.69% |
| 1990 | $150,978.80 | 5.74% |
| 1991 | $156,341.99 | 3.55% |
| 1992 | $158,523.46 | 1.40% |
| 1993 | $161,876.64 | 2.12% |
| 1994 | $165,591.81 | 2.30% |
| 1995 | $170,173.85 | 2.77% |
| 1996 | $175,670.40 | 3.23% |
| 1997 | $180,319.12 | 2.65% |
| 1998 | $184,158.13 | 2.13% |
| 1999 | $188,101.93 | 2.14% |
| 2000 | $192,445.82 | 2.31% |
| 2001 | $198,428.20 | 3.11% |
| 2002 | $202,048.11 | 1.82% |
| 2003 | $206,382.47 | 2.15% |
| 2004 | $213,355.56 | 3.38% |
| 2005 | $218,547.27 | 2.43% |
| 2006 | $223,672.30 | 2.35% |
| 2007 | $232,402.10 | 3.90% |
| 2008 | $244,894.88 | 5.38% |
| 2009 | $249,486.45 | 1.87% |
| 2010 | $251,467.97 | 0.79% |
| 2011 | $260,480.02 | 3.58% |
| 2012 | $267,099.98 | 2.54% |
| 2013 | $270,873.16 | 1.41% |
| 2014 | $277,145.32 | 2.32% |
| 2015 | $282,129.36 | 1.80% |
| 2016 | $283,103.12 | 0.35% |
| 2017 | $285,599.43 | 0.88% |
| 2018 | $289,609.43 | 1.40% |
| 2019 | $294,942.41 | 1.84% |
| 2020 | $304,780.00 | 3.34% |
| 2021 | $316,430.01 | 3.82% |
| 2022 | $336,172.84 | 6.24%* |
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 | 294.081 |