According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 673.29% higher in 2021 versus 1967 (a $1,346.58 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 $200 in the year 1967 would cost $1,546.58 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 $200 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 | $200.00 | - |
1968 | $207.10 | 3.55% |
1969 | $217.48 | 5.01% |
1970 | $229.34 | 5.45% |
1971 | $236.48 | 3.12% |
1972 | $246.20 | 4.11% |
1973 | $278.92 | 13.29% |
1974 | $317.27 | 13.75% |
1975 | $344.03 | 8.44% |
1976 | $354.80 | 3.13% |
1977 | $375.90 | 5.95% |
1978 | $412.57 | 9.76% |
1979 | $456.87 | 10.74% |
1980 | $495.83 | 8.53% |
1981 | $534.51 | 7.80% |
1982 | $556.13 | 4.05% |
1983 | $568.56 | 2.24% |
1984 | $589.95 | 3.76% |
1985 | $603.48 | 2.29% |
1986 | $623.34 | 3.29% |
1987 | $649.01 | 4.12% |
1988 | $675.49 | 4.08% |
1989 | $713.93 | 5.69% |
1990 | $754.89 | 5.74% |
1991 | $781.71 | 3.55% |
1992 | $792.62 | 1.40% |
1993 | $809.38 | 2.12% |
1994 | $827.96 | 2.30% |
1995 | $850.87 | 2.77% |
1996 | $878.35 | 3.23% |
1997 | $901.60 | 2.65% |
1998 | $920.79 | 2.13% |
1999 | $940.51 | 2.14% |
2000 | $962.23 | 2.31% |
2001 | $992.14 | 3.11% |
2002 | $1,010.24 | 1.82% |
2003 | $1,031.91 | 2.15% |
2004 | $1,066.78 | 3.38% |
2005 | $1,092.74 | 2.43% |
2006 | $1,118.36 | 2.35% |
2007 | $1,162.01 | 3.90% |
2008 | $1,224.47 | 5.38% |
2009 | $1,247.43 | 1.87% |
2010 | $1,257.34 | 0.79% |
2011 | $1,302.40 | 3.58% |
2012 | $1,335.50 | 2.54% |
2013 | $1,354.37 | 1.41% |
2014 | $1,385.73 | 2.32% |
2015 | $1,410.65 | 1.80% |
2016 | $1,415.52 | 0.35% |
2017 | $1,428.03 | 0.88% |
2018 | $1,448.10 | 1.41% |
2019 | $1,474.76 | 1.84% |
2020 | $1,523.94 | 3.33% |
2021 | $1,546.58 | 1.49%* |