According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 740.43% higher in 2022 versus 1967 (a $4,294,506.20 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 $580,000 in the year 1967 would cost $4,874,506.20 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 $580,000 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 | $580,000.00 | - |
| 1968 | $600,581.09 | 3.55% |
| 1969 | $630,693.02 | 5.01% |
| 1970 | $665,086.93 | 5.45% |
| 1971 | $685,806.14 | 3.12% |
| 1972 | $713,984.28 | 4.11% |
| 1973 | $808,878.30 | 13.29% |
| 1974 | $920,071.45 | 13.75% |
| 1975 | $997,699.45 | 8.44% |
| 1976 | $1,028,916.41 | 3.13% |
| 1977 | $1,090,107.17 | 5.95% |
| 1978 | $1,196,465.83 | 9.76% |
| 1979 | $1,324,924.98 | 10.74% |
| 1980 | $1,437,913.79 | 8.53% |
| 1981 | $1,550,073.83 | 7.80% |
| 1982 | $1,612,784.00 | 4.05% |
| 1983 | $1,648,835.44 | 2.24% |
| 1984 | $1,710,854.97 | 3.76% |
| 1985 | $1,750,083.35 | 2.29% |
| 1986 | $1,807,682.78 | 3.29% |
| 1987 | $1,882,133.84 | 4.12% |
| 1988 | $1,958,933.08 | 4.08% |
| 1989 | $2,070,402.48 | 5.69% |
| 1990 | $2,189,192.66 | 5.74% |
| 1991 | $2,266,958.80 | 3.55% |
| 1992 | $2,298,590.14 | 1.40% |
| 1993 | $2,347,211.24 | 2.12% |
| 1994 | $2,401,081.21 | 2.30% |
| 1995 | $2,467,520.84 | 2.77% |
| 1996 | $2,547,220.77 | 3.23% |
| 1997 | $2,614,627.29 | 2.65% |
| 1998 | $2,670,292.93 | 2.13% |
| 1999 | $2,727,477.97 | 2.14% |
| 2000 | $2,790,464.40 | 2.31% |
| 2001 | $2,877,208.86 | 3.11% |
| 2002 | $2,929,697.55 | 1.82% |
| 2003 | $2,992,545.84 | 2.15% |
| 2004 | $3,093,655.63 | 3.38% |
| 2005 | $3,168,935.46 | 2.43% |
| 2006 | $3,243,248.39 | 2.35% |
| 2007 | $3,369,830.39 | 3.90% |
| 2008 | $3,550,975.76 | 5.38% |
| 2009 | $3,617,553.51 | 1.87% |
| 2010 | $3,646,285.54 | 0.79% |
| 2011 | $3,776,960.28 | 3.58% |
| 2012 | $3,872,949.65 | 2.54% |
| 2013 | $3,927,660.82 | 1.41% |
| 2014 | $4,018,607.14 | 2.32% |
| 2015 | $4,090,875.78 | 1.80% |
| 2016 | $4,104,995.24 | 0.35% |
| 2017 | $4,141,191.71 | 0.88% |
| 2018 | $4,199,336.75 | 1.40% |
| 2019 | $4,276,665.02 | 1.84% |
| 2020 | $4,419,309.93 | 3.34% |
| 2021 | $4,588,235.10 | 3.82% |
| 2022 | $4,874,506.20 | 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 |