According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 676.27% higher in 2021 versus 1967 (a $270,507.92 difference in value).
Between 1967 and 2021: Food and beverages experienced an average inflation rate of 3.87% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $40,000 in the year 1967 would cost $310,507.92 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for food and beverages was lower.
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 |
| 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 | 271.575 |
Below are calculations of equivalent buying power for Food and beverages, over time, for $40000 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 | $41,451.19 | 3.63% |
| 1969 | $43,518.03 | 4.99% |
| 1970 | $45,883.91 | 5.44% |
| 1971 | $47,299.91 | 3.09% |
| 1972 | $49,252.42 | 4.13% |
| 1973 | $55,795.95 | 13.29% |
| 1974 | $63,474.05 | 13.76% |
| 1975 | $68,830.26 | 8.44% |
| 1976 | $70,958.66 | 3.09% |
| 1977 | $75,189.09 | 5.96% |
| 1978 | $82,532.98 | 9.77% |
| 1979 | $91,372.03 | 10.71% |
| 1980 | $99,190.85 | 8.56% |
| 1981 | $106,904.13 | 7.78% |
| 1982 | $111,257.70 | 4.07% |
| 1983 | $113,737.91 | 2.23% |
| 1984 | $118,012.31 | 3.76% |
| 1985 | $120,765.17 | 2.33% |
| 1986 | $124,705.36 | 3.26% |
| 1987 | $129,780.12 | 4.07% |
| 1988 | $135,136.32 | 4.13% |
| 1989 | $142,796.83 | 5.67% |
| 1990 | $151,020.23 | 5.76% |
| 1991 | $156,402.81 | 3.56% |
| 1992 | $158,566.40 | 1.38% |
| 1993 | $161,882.15 | 2.09% |
| 1994 | $165,646.44 | 2.33% |
| 1995 | $170,211.08 | 2.76% |
| 1996 | $175,743.18 | 3.25% |
| 1997 | $180,351.80 | 2.62% |
| 1998 | $184,186.46 | 2.13% |
| 1999 | $188,153.03 | 2.15% |
| 2000 | $192,497.80 | 2.31% |
| 2001 | $198,452.07 | 3.09% |
| 2002 | $202,102.02 | 1.84% |
| 2003 | $206,420.40 | 2.14% |
| 2004 | $213,386.10 | 3.37% |
| 2005 | $218,575.20 | 2.43% |
| 2006 | $223,702.73 | 2.35% |
| 2007 | $232,444.59 | 3.91% |
| 2008 | $244,936.50 | 5.37% |
| 2009 | $249,537.38 | 1.88% |
| 2010 | $251,520.84 | 0.79% |
| 2011 | $260,532.72 | 3.58% |
| 2012 | $267,168.69 | 2.55% |
| 2013 | $270,937.12 | 1.41% |
| 2014 | $277,205.89 | 2.31% |
| 2015 | $282,186.10 | 1.80% |
| 2016 | $283,156.11 | 0.34% |
| 2017 | $285,653.74 | 0.88% |
| 2018 | $289,666.05 | 1.40% |
| 2019 | $295,001.67 | 1.84% |
| 2020 | $304,847.93 | 3.34% |
| 2021 | $310,507.92 | 1.86%* |