According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 673.29% higher in 2021 versus 1967 (a $377,042.84 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 $56,000 in the year 1967 would cost $433,042.84 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 $56000 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 | $56,000.00 | - |
| 1968 | $57,987.14 | 3.55% |
| 1969 | $60,894.50 | 5.01% |
| 1970 | $64,215.29 | 5.45% |
| 1971 | $66,215.77 | 3.12% |
| 1972 | $68,936.41 | 4.11% |
| 1973 | $78,098.59 | 13.29% |
| 1974 | $88,834.48 | 13.75% |
| 1975 | $96,329.60 | 8.44% |
| 1976 | $99,343.65 | 3.13% |
| 1977 | $105,251.73 | 5.95% |
| 1978 | $115,520.84 | 9.76% |
| 1979 | $127,923.79 | 10.74% |
| 1980 | $138,833.06 | 8.53% |
| 1981 | $149,662.30 | 7.80% |
| 1982 | $155,717.08 | 4.05% |
| 1983 | $159,197.90 | 2.24% |
| 1984 | $165,186.00 | 3.76% |
| 1985 | $168,973.57 | 2.29% |
| 1986 | $174,534.89 | 3.29% |
| 1987 | $181,723.27 | 4.12% |
| 1988 | $189,138.37 | 4.08% |
| 1989 | $199,900.93 | 5.69% |
| 1990 | $211,370.33 | 5.74% |
| 1991 | $218,878.78 | 3.55% |
| 1992 | $221,932.84 | 1.40% |
| 1993 | $226,627.29 | 2.12% |
| 1994 | $231,828.53 | 2.30% |
| 1995 | $238,243.39 | 2.77% |
| 1996 | $245,938.56 | 3.23% |
| 1997 | $252,446.77 | 2.65% |
| 1998 | $257,821.39 | 2.13% |
| 1999 | $263,342.70 | 2.14% |
| 2000 | $269,424.15 | 2.31% |
| 2001 | $277,799.48 | 3.11% |
| 2002 | $282,867.35 | 1.82% |
| 2003 | $288,935.46 | 2.15% |
| 2004 | $298,697.79 | 3.38% |
| 2005 | $305,966.18 | 2.43% |
| 2006 | $313,141.22 | 2.35% |
| 2007 | $325,362.93 | 3.90% |
| 2008 | $342,852.83 | 5.38% |
| 2009 | $349,281.03 | 1.87% |
| 2010 | $352,055.16 | 0.79% |
| 2011 | $364,672.03 | 3.58% |
| 2012 | $373,939.97 | 2.54% |
| 2013 | $379,222.42 | 1.41% |
| 2014 | $388,003.45 | 2.32% |
| 2015 | $394,981.11 | 1.80% |
| 2016 | $396,344.37 | 0.35% |
| 2017 | $399,848.27 | 0.88% |
| 2018 | $405,466.67 | 1.41% |
| 2019 | $412,933.12 | 1.84% |
| 2020 | $426,702.80 | 3.33% |
| 2021 | $433,042.84 | 1.49%* |