According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 879.78% higher in 2026 versus 1967 (a $2,604,151,310.15 difference in value).
Between 1967 and 2026:Food and beverages experienced an average inflation rate of 3.94% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $296,000,000 in the year 1967 would cost $2,900,151,310.15 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.94% 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 $296,000,000 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 | $296,000,000.00 | - |
| 1968 | $306,787,994.28 | 3.64% |
| 1969 | $322,018,103.86 | 4.96% |
| 1970 | $339,575,035.73 | 5.45% |
| 1971 | $350,010,481.18 | 3.07% |
| 1972 | $364,464,983.33 | 4.13% |
| 1973 | $412,905,192.95 | 13.29% |
| 1974 | $469,736,064.79 | 13.76% |
| 1975 | $509,362,553.60 | 8.44% |
| 1976 | $525,086,231.54 | 3.09% |
| 1977 | $556,392,567.89 | 5.96% |
| 1978 | $610,755,597.90 | 9.77% |
| 1979 | $676,188,661.27 | 10.71% |
| 1980 | $734,077,179.61 | 8.56% |
| 1981 | $791,119,580.75 | 7.77% |
| 1982 | $823,342,544.07 | 4.07% |
| 1983 | $841,675,083.37 | 2.23% |
| 1984 | $873,333,968.56 | 3.76% |
| 1985 | $893,711,291.09 | 2.33% |
| 1986 | $922,831,824.68 | 3.26% |
| 1987 | $960,413,530.25 | 4.07% |
| 1988 | $1,000,040,019.06 | 4.13% |
| 1989 | $1,056,729,871.37 | 5.67% |
| 1990 | $1,117,579,799.90 | 5.76% |
| 1991 | $1,157,417,818.01 | 3.56% |
| 1992 | $1,173,423,535.02 | 1.38% |
| 1993 | $1,197,960,933.78 | 2.09% |
| 1994 | $1,225,812,291.57 | 2.32% |
| 1995 | $1,259,586,469.75 | 2.76% |
| 1996 | $1,300,552,644.12 | 3.25% |
| 1997 | $1,334,679,371.13 | 2.62% |
| 1998 | $1,363,024,297.28 | 2.12% |
| 1999 | $1,392,356,360.17 | 2.15% |
| 2000 | $1,424,508,813.72 | 2.31% |
| 2001 | $1,468,577,417.82 | 3.09% |
| 2002 | $1,495,582,658.41 | 1.84% |
| 2003 | $1,527,594,092.42 | 2.14% |
| 2004 | $1,579,136,731.78 | 3.37% |
| 2005 | $1,617,494,044.78 | 2.43% |
| 2006 | $1,655,428,299.19 | 2.35% |
| 2007 | $1,720,152,739.40 | 3.91% |
| 2008 | $1,812,596,684.14 | 5.37% |
| 2009 | $1,846,644,440.21 | 1.88% |
| 2010 | $1,861,322,458.31 | 0.79% |
| 2011 | $1,928,012,710.81 | 3.58% |
| 2012 | $1,977,120,647.93 | 2.55% |
| 2013 | $2,005,007,965.70 | 1.41% |
| 2014 | $2,051,398,456.41 | 2.31% |
| 2015 | $2,088,253,911.39 | 1.80% |
| 2016 | $2,095,431,805.62 | 0.34% |
| 2017 | $2,113,915,235.83 | 0.88% |
| 2018 | $2,143,607,603.62 | 1.40% |
| 2019 | $2,183,092,367.79 | 1.84% |
| 2020 | $2,255,957,160.55 | 3.34% |
| 2021 | $2,342,166,631.73 | 3.82% |
| 2022 | $2,566,433,520.72 | 9.58% |
| 2023 | $2,711,702,677.47 | 5.66% |
| 2024 | $2,772,381,267.27 | 2.24% |
| 2025 | $2,850,173,987.61 | 2.81% |
| 2026 | $2,900,151,310.15 | 1.75%* |
* 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 | 2025 | 2026 |
| CPI | 34.983 | 36.258 | 38.058 | 40.133 | 41.367 | 43.075 | 48.800 | 55.517 | 60.200 | 62.058 | 65.758 | 72.183 | 79.917 | 86.758 | 93.500 | 97.308 | 99.475 | 103.217 | 105.625 | 109.067 | 113.508 | 118.192 | 124.892 | 132.083 | 136.792 | 138.683 | 141.583 | 144.875 | 148.867 | 153.708 | 157.742 | 161.092 | 164.558 | 168.358 | 173.567 | 176.758 | 180.542 | 186.633 | 191.167 | 195.650 | 203.300 | 214.225 | 218.249 | 219.984 | 227.866 | 233.670 | 236.966 | 242.448 | 246.804 | 247.653 | 249.837 | 253.346 | 258.013 | 266.625 | 276.814 | 303.319 | 320.488 | 327.659 | 336.853 | 342.760 |