According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 673.29% higher in 2021 versus 1967 (a $4,376,390.09 difference in value).
Between 1967 and 2021: Food and beverages experienced an average inflation rate of 3.86% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $650,000 in the year 1967 would cost $5,026,390.09 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.90% 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 | 34.992 | 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 | 249.846 | 253.356 | 258.022 | 266.626 | 270.587 |
Below are calculations of equivalent buying power for Food and beverages, over time, for $650000 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 | $650,000.00 | - |
| 1968 | $673,065.02 | 3.55% |
| 1969 | $706,811.15 | 5.01% |
| 1970 | $745,356.04 | 5.45% |
| 1971 | $768,575.85 | 3.12% |
| 1972 | $800,154.80 | 4.11% |
| 1973 | $906,501.55 | 13.29% |
| 1974 | $1,031,114.55 | 13.75% |
| 1975 | $1,118,111.46 | 8.44% |
| 1976 | $1,153,095.98 | 3.13% |
| 1977 | $1,221,671.83 | 5.95% |
| 1978 | $1,340,866.87 | 9.76% |
| 1979 | $1,484,829.72 | 10.74% |
| 1980 | $1,611,455.11 | 8.53% |
| 1981 | $1,737,151.70 | 7.80% |
| 1982 | $1,807,430.34 | 4.05% |
| 1983 | $1,847,832.82 | 2.24% |
| 1984 | $1,917,337.46 | 3.76% |
| 1985 | $1,961,300.31 | 2.29% |
| 1986 | $2,025,851.39 | 3.29% |
| 1987 | $2,109,287.93 | 4.12% |
| 1988 | $2,195,356.04 | 4.08% |
| 1989 | $2,320,278.64 | 5.69% |
| 1990 | $2,453,405.57 | 5.74% |
| 1991 | $2,540,557.28 | 3.55% |
| 1992 | $2,576,006.19 | 1.40% |
| 1993 | $2,630,495.36 | 2.12% |
| 1994 | $2,690,866.87 | 2.30% |
| 1995 | $2,765,325.08 | 2.77% |
| 1996 | $2,854,643.96 | 3.23% |
| 1997 | $2,930,185.76 | 2.65% |
| 1998 | $2,992,569.66 | 2.13% |
| 1999 | $3,056,656.35 | 2.14% |
| 2000 | $3,127,244.58 | 2.31% |
| 2001 | $3,224,458.20 | 3.11% |
| 2002 | $3,283,281.73 | 1.82% |
| 2003 | $3,353,715.17 | 2.15% |
| 2004 | $3,467,027.86 | 3.38% |
| 2005 | $3,551,393.19 | 2.43% |
| 2006 | $3,634,674.92 | 2.35% |
| 2007 | $3,776,534.06 | 3.90% |
| 2008 | $3,979,541.80 | 5.38% |
| 2009 | $4,054,154.80 | 1.87% |
| 2010 | $4,086,354.49 | 0.79% |
| 2011 | $4,232,800.31 | 3.58% |
| 2012 | $4,340,374.61 | 2.54% |
| 2013 | $4,401,688.85 | 1.41% |
| 2014 | $4,503,611.46 | 2.32% |
| 2015 | $4,584,602.17 | 1.80% |
| 2016 | $4,600,425.70 | 0.35% |
| 2017 | $4,641,095.98 | 0.88% |
| 2018 | $4,706,309.60 | 1.41% |
| 2019 | $4,792,973.68 | 1.84% |
| 2020 | $4,952,800.31 | 3.33% |
| 2021 | $5,026,390.09 | 1.49%* |