Food and beverages priced at $1 in 1967 $8.60 in 2022

Food And Beverages Inflation Calculator

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Prices for Food And Beverages, 1967-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 760.43% higher in 2022 versus 1967 (a $7.60 difference in value).

Between 1967 and 2022: Food and beverages experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $1 in the year 1967 would cost $8.60 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.02% 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 (13.75%), 1973 (13.29%), and 1979 (10.74%).

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Buying power of $1.00 since 1967

Below are calculations of equivalent buying power for Food and beverages, over time, for $1 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$1.00-
1968$1.043.55%
1969$1.095.01%
1970$1.155.45%
1971$1.183.12%
1972$1.234.11%
1973$1.3913.29%
1974$1.5913.75%
1975$1.728.44%
1976$1.773.13%
1977$1.885.95%
1978$2.069.76%
1979$2.2810.74%
1980$2.488.53%
1981$2.677.80%
1982$2.784.05%
1983$2.842.24%
1984$2.953.76%
1985$3.022.29%
1986$3.123.29%
1987$3.254.12%
1988$3.384.08%
1989$3.575.69%
1990$3.775.74%
1991$3.913.55%
1992$3.961.40%
1993$4.052.12%
1994$4.142.30%
1995$4.252.77%
1996$4.393.23%
1997$4.512.65%
1998$4.602.13%
1999$4.702.14%
2000$4.812.31%
2001$4.963.11%
2002$5.051.82%
2003$5.162.15%
2004$5.333.38%
2005$5.462.43%
2006$5.592.35%
2007$5.813.90%
2008$6.125.38%
2009$6.241.87%
2010$6.290.79%
2011$6.513.58%
2012$6.682.54%
2013$6.771.41%
2014$6.932.32%
2015$7.051.80%
2016$7.080.35%
2017$7.140.88%
2018$7.241.40%
2019$7.371.84%
2020$7.623.34%
2021$7.913.82%
2022$8.608.77%*

* 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:

Year19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI34.99236.23338.05040.12541.37543.07548.80055.50860.19262.07565.76772.18379.93386.75093.51797.30099.475103.217105.583109.058113.550118.183124.908132.075136.767138.675141.608144.858148.867153.675157.742161.100164.550168.350173.583176.750180.542186.642191.183195.667203.303214.232218.249219.982227.866233.657236.958242.444246.804247.656249.840253.348258.013266.619276.810301.077

Adjust food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1967 * 1967 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 34.992 in the year 1967 and 301.077 in 2022:

301.077 / 34.992 * $1 = $8.60

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1967 has the same "purchasing power" as $8.60 in 2022 (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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