According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 834.56% higher in 2026 versus 1968 (a $66,765,047.12 difference in value).
Between 1968 and 2026: Food and beverages experienced an average inflation rate of 3.93% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $8,000,000 in the year 1968 would cost $74,765,047.12 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation for food and beverages was higher.
In the year 1968: Pricing changed by 3.64%, which is below the average yearly change for food and beverages during the 1968-2026 time period. Compared to inflation for all items in 1968 (4.27%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $8,000,000 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1968 | $8,000,000.00 | 3.64% |
| 1969 | $8,397,150.08 | 4.96% |
| 1970 | $8,854,975.87 | 5.45% |
| 1971 | $9,127,097.22 | 3.07% |
| 1972 | $9,504,022.06 | 4.13% |
| 1973 | $10,767,179.96 | 13.29% |
| 1974 | $12,249,138.13 | 13.76% |
| 1975 | $13,282,463.80 | 8.44% |
| 1976 | $13,692,484.49 | 3.09% |
| 1977 | $14,508,848.54 | 5.96% |
| 1978 | $15,926,453.69 | 9.77% |
| 1979 | $17,632,728.11 | 10.71% |
| 1980 | $19,142,266.15 | 8.56% |
| 1981 | $20,629,740.29 | 7.77% |
| 1982 | $21,470,006.89 | 4.07% |
| 1983 | $21,948,057.92 | 2.23% |
| 1984 | $22,773,615.26 | 3.76% |
| 1985 | $23,304,987.36 | 2.33% |
| 1986 | $24,064,353.02 | 3.26% |
| 1987 | $25,044,357.62 | 4.07% |
| 1988 | $26,077,683.29 | 4.13% |
| 1989 | $27,555,964.15 | 5.67% |
| 1990 | $29,142,725.81 | 5.76% |
| 1991 | $30,181,567.46 | 3.56% |
| 1992 | $30,598,942.77 | 1.38% |
| 1993 | $31,238,795.68 | 2.09% |
| 1994 | $31,965,065.50 | 2.32% |
| 1995 | $32,845,782.58 | 2.76% |
| 1996 | $33,914,042.75 | 3.25% |
| 1997 | $34,803,953.11 | 2.62% |
| 1998 | $35,543,093.54 | 2.12% |
| 1999 | $36,307,975.18 | 2.15% |
| 2000 | $37,146,403.13 | 2.31% |
| 2001 | $38,295,564.24 | 3.09% |
| 2002 | $38,999,770.17 | 1.84% |
| 2003 | $39,834,520.80 | 2.14% |
| 2004 | $41,178,579.64 | 3.37% |
| 2005 | $42,178,809.47 | 2.43% |
| 2006 | $43,168,007.35 | 2.35% |
| 2007 | $44,855,803.26 | 3.91% |
| 2008 | $47,266,430.71 | 5.37% |
| 2009 | $48,154,281.77 | 1.88% |
| 2010 | $48,537,035.16 | 0.79% |
| 2011 | $50,276,092.85 | 3.58% |
| 2012 | $51,556,662.84 | 2.55% |
| 2013 | $52,283,870.37 | 1.41% |
| 2014 | $53,493,578.49 | 2.31% |
| 2015 | $54,454,644.91 | 1.80% |
| 2016 | $54,641,820.27 | 0.34% |
| 2017 | $55,123,806.02 | 0.88% |
| 2018 | $55,898,083.20 | 1.40% |
| 2019 | $56,927,713.17 | 1.84% |
| 2020 | $58,827,782.12 | 3.34% |
| 2021 | $61,075,835.44 | 3.82% |
| 2022 | $66,923,962.31 | 9.58% |
| 2023 | $70,712,093.77 | 5.66% |
| 2024 | $72,294,387.50 | 2.24% |
| 2025 | $74,244,198.83 | 2.70% |
| 2026 | $74,765,047.12 | 0.70%* |
* 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 | 336.496 | 338.857 |