Food and beverages priced at $73,000 in 1967 $566,676.95 in 2021

Food And Beverages Inflation Calculator

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Prices for Food And Beverages, 1967-2021 ($73,000)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 676.27% higher in 2021 versus 1967 (a $493,676.95 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 $73,000 in the year 1967 would cost $566,676.95 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.

Price Inflation for Food and beverages since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (13.76%), 1973 (13.29%), and 1979 (10.71%).

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

View price changes for other categories
Financial services · Medical care · Hospital services · Milk · More

Buying power of $73000 since 1967

Below are calculations of equivalent buying power for Food and beverages, over time, for $73000 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 $73,000.00 -
1968 $75,648.42 3.63%
1969 $79,420.40 4.99%
1970 $83,738.13 5.44%
1971 $86,322.34 3.09%
1972 $89,885.66 4.13%
1973 $101,827.62 13.29%
1974 $115,840.15 13.76%
1975 $125,615.22 8.44%
1976 $129,499.56 3.09%
1977 $137,220.10 5.96%
1978 $150,622.69 9.77%
1979 $166,753.96 10.71%
1980 $181,023.31 8.56%
1981 $195,100.04 7.78%
1982 $203,045.29 4.07%
1983 $207,571.68 2.23%
1984 $215,372.47 3.76%
1985 $220,396.44 2.33%
1986 $227,587.29 3.26%
1987 $236,848.72 4.07%
1988 $246,623.79 4.13%
1989 $260,604.22 5.67%
1990 $275,611.92 5.76%
1991 $285,435.14 3.56%
1992 $289,383.69 1.38%
1993 $295,434.92 2.09%
1994 $302,304.75 2.33%
1995 $310,635.22 2.76%
1996 $320,731.31 3.25%
1997 $329,142.04 2.62%
1998 $336,140.28 2.13%
1999 $343,379.29 2.15%
2000 $351,308.49 2.31%
2001 $362,175.02 3.09%
2002 $368,836.19 1.84%
2003 $376,717.24 2.14%
2004 $389,429.64 3.37%
2005 $398,899.74 2.43%
2006 $408,257.48 2.35%
2007 $424,211.38 3.91%
2008 $447,009.11 5.37%
2009 $455,405.72 1.88%
2010 $459,025.54 0.79%
2011 $475,472.21 3.58%
2012 $487,582.86 2.55%
2013 $494,460.24 1.41%
2014 $505,900.75 2.31%
2015 $514,989.64 1.80%
2016 $516,759.91 0.34%
2017 $521,318.07 0.88%
2018 $528,640.54 1.40%
2019 $538,378.05 1.84%
2020 $556,347.48 3.34%
2021 $566,676.95 1.86%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for food and beverages, 1967-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1967 * 1967 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 34.985 in the year 1967 and 271.575 in 2021:

271.575 / 34.985 * $73,000 = $566,676.95

Therefore, according to U.S. Bureau of Labor Statistics, $73,000 in 1967 has the same "purchasing power" as $566,676.95 in 2021 (in the CPI category of Food and beverages).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food and beverages in 1967. In addition to food and beverages, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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