According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 812.80% higher in 2023 versus 1967 (a $4,876,779.52 difference in value).
Between 1967 and 2023: Food and beverages experienced an average inflation rate of 4.03% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $600,000 in the year 1967 would cost $5,476,779.52 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.02% during this same period, inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $600,000 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 | $600,000.00 | - |
| 1968 | $621,767.81 | 3.63% |
| 1969 | $652,770.45 | 4.99% |
| 1970 | $688,258.58 | 5.44% |
| 1971 | $709,498.68 | 3.09% |
| 1972 | $738,786.28 | 4.13% |
| 1973 | $836,939.31 | 13.29% |
| 1974 | $952,110.82 | 13.76% |
| 1975 | $1,032,453.83 | 8.44% |
| 1976 | $1,064,379.95 | 3.09% |
| 1977 | $1,127,836.41 | 5.96% |
| 1978 | $1,237,994.72 | 9.77% |
| 1979 | $1,370,580.47 | 10.71% |
| 1980 | $1,487,862.80 | 8.56% |
| 1981 | $1,603,562.01 | 7.78% |
| 1982 | $1,668,865.44 | 4.07% |
| 1983 | $1,706,068.60 | 2.23% |
| 1984 | $1,770,184.70 | 3.76% |
| 1985 | $1,811,477.57 | 2.33% |
| 1986 | $1,870,580.47 | 3.26% |
| 1987 | $1,946,701.85 | 4.07% |
| 1988 | $2,027,044.85 | 4.13% |
| 1989 | $2,141,952.51 | 5.67% |
| 1990 | $2,265,303.43 | 5.76% |
| 1991 | $2,346,042.22 | 3.56% |
| 1992 | $2,378,496.04 | 1.38% |
| 1993 | $2,428,232.19 | 2.09% |
| 1994 | $2,484,696.57 | 2.33% |
| 1995 | $2,553,166.23 | 2.76% |
| 1996 | $2,636,147.76 | 3.25% |
| 1997 | $2,705,277.04 | 2.62% |
| 1998 | $2,762,796.83 | 2.13% |
| 1999 | $2,822,295.51 | 2.15% |
| 2000 | $2,887,467.02 | 2.31% |
| 2001 | $2,976,781.00 | 3.09% |
| 2002 | $3,031,530.34 | 1.84% |
| 2003 | $3,096,306.07 | 2.14% |
| 2004 | $3,200,791.56 | 3.37% |
| 2005 | $3,278,627.97 | 2.43% |
| 2006 | $3,355,540.90 | 2.35% |
| 2007 | $3,486,668.87 | 3.91% |
| 2008 | $3,674,047.49 | 5.37% |
| 2009 | $3,743,060.69 | 1.88% |
| 2010 | $3,772,812.66 | 0.79% |
| 2011 | $3,907,990.77 | 3.58% |
| 2012 | $4,007,530.34 | 2.55% |
| 2013 | $4,064,056.73 | 1.41% |
| 2014 | $4,158,088.39 | 2.31% |
| 2015 | $4,232,791.56 | 1.80% |
| 2016 | $4,247,341.69 | 0.34% |
| 2017 | $4,284,806.07 | 0.88% |
| 2018 | $4,344,990.77 | 1.40% |
| 2019 | $4,425,025.07 | 1.84% |
| 2020 | $4,572,719.00 | 3.34% |
| 2021 | $4,747,461.74 | 3.82% |
| 2022 | $5,202,039.58 | 9.58% |
| 2023 | $5,476,779.52 | 5.28%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
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 | 2023 |
| 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 | 276.814 | 303.319 | 319.338 |