According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 829.42% higher in 2024 versus 1967 (a $3,400,625,762.24 difference in value).
Between 1967 and 2024: 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 $410,000,000 in the year 1967 would cost $3,810,625,762.24 in 2024 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 $410,000,000 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 | $410,000,000.00 | - |
1968 | $424,874,670.18 | 3.63% |
1969 | $446,059,806.51 | 4.99% |
1970 | $470,310,026.39 | 5.44% |
1971 | $484,824,098.50 | 3.09% |
1972 | $504,837,291.12 | 4.13% |
1973 | $571,908,531.22 | 13.29% |
1974 | $650,609,058.93 | 13.76% |
1975 | $705,510,114.34 | 8.44% |
1976 | $727,326,297.27 | 3.09% |
1977 | $770,688,214.60 | 5.96% |
1978 | $845,963,060.69 | 9.77% |
1979 | $936,563,324.54 | 10.71% |
1980 | $1,016,706,244.50 | 8.56% |
1981 | $1,095,767,370.27 | 7.78% |
1982 | $1,140,391,380.83 | 4.07% |
1983 | $1,165,813,544.42 | 2.23% |
1984 | $1,209,626,209.32 | 3.76% |
1985 | $1,237,843,007.92 | 2.33% |
1986 | $1,278,229,991.20 | 3.26% |
1987 | $1,330,246,262.09 | 4.07% |
1988 | $1,385,147,317.50 | 4.13% |
1989 | $1,463,667,546.17 | 5.67% |
1990 | $1,547,957,343.89 | 5.76% |
1991 | $1,603,128,847.85 | 3.56% |
1992 | $1,625,305,628.85 | 1.38% |
1993 | $1,659,291,996.48 | 2.09% |
1994 | $1,697,875,989.45 | 2.33% |
1995 | $1,744,663,588.39 | 2.76% |
1996 | $1,801,367,634.12 | 3.25% |
1997 | $1,848,605,980.65 | 2.62% |
1998 | $1,887,911,169.74 | 2.13% |
1999 | $1,928,568,601.58 | 2.15% |
2000 | $1,973,102,462.62 | 2.31% |
2001 | $2,034,133,685.14 | 3.09% |
2002 | $2,071,545,734.39 | 1.84% |
2003 | $2,115,809,146.88 | 2.14% |
2004 | $2,187,207,563.76 | 3.37% |
2005 | $2,240,395,778.36 | 2.43% |
2006 | $2,292,952,946.35 | 2.35% |
2007 | $2,382,557,058.05 | 3.91% |
2008 | $2,510,599,120.49 | 5.37% |
2009 | $2,557,758,135.44 | 1.88% |
2010 | $2,578,088,654.35 | 0.79% |
2011 | $2,670,460,356.20 | 3.58% |
2012 | $2,738,479,067.72 | 2.55% |
2013 | $2,777,105,430.96 | 1.41% |
2014 | $2,841,360,400.18 | 2.31% |
2015 | $2,892,407,563.76 | 1.80% |
2016 | $2,902,350,153.91 | 0.34% |
2017 | $2,927,950,813.54 | 0.88% |
2018 | $2,969,077,022.87 | 1.40% |
2019 | $3,023,767,128.41 | 1.84% |
2020 | $3,124,691,314.86 | 3.34% |
2021 | $3,244,098,856.64 | 3.82% |
2022 | $3,554,727,044.85 | 9.58% |
2023 | $3,755,937,159.19 | 5.66% |
2024 | $3,810,625,762.24 | 1.46%* |
* 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 | 2024 |
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 | 320.488 | 325.154 |