According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 754.05% higher in 2026 versus 1970 (a $91,919,079,734.22 difference in value).
Between 1970 and 2026:Food and beverages experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $12,190,000,000 in the year 1970 would cost $104,109,079,734.22 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.87% during this same period, inflation for food and beverages was higher.
In the year 1970: Pricing changed by 5.45%, which is above the average yearly change for food and beverages during the 1970-2026 time period. Compared to inflation for all items in 1970 (5.84%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $12,190,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $12,190,000,000.00 | 5.45% |
| 1971 | $12,564,609,634.55 | 3.07% |
| 1972 | $13,083,494,601.33 | 4.13% |
| 1973 | $14,822,392,026.58 | 13.29% |
| 1974 | $16,862,495,847.18 | 13.76% |
| 1975 | $18,285,000,000.00 | 8.44% |
| 1976 | $18,849,445,598.01 | 3.09% |
| 1977 | $19,973,274,501.66 | 5.96% |
| 1978 | $21,924,788,205.98 | 9.77% |
| 1979 | $24,273,691,860.47 | 10.71% |
| 1980 | $26,351,762,873.75 | 8.56% |
| 1981 | $28,399,460,132.89 | 7.77% |
| 1982 | $29,556,193,936.88 | 4.07% |
| 1983 | $30,214,291,943.52 | 2.23% |
| 1984 | $31,350,776,578.07 | 3.76% |
| 1985 | $32,082,277,823.92 | 2.33% |
| 1986 | $33,127,641,196.01 | 3.26% |
| 1987 | $34,476,742,109.63 | 4.07% |
| 1988 | $35,899,246,262.46 | 4.13% |
| 1989 | $37,934,287,790.70 | 5.67% |
| 1990 | $40,118,666,943.52 | 5.76% |
| 1991 | $41,548,764,534.88 | 3.56% |
| 1992 | $42,123,334,717.61 | 1.38% |
| 1993 | $43,004,173,588.04 | 2.09% |
| 1994 | $44,003,976,328.90 | 2.32% |
| 1995 | $45,216,395,348.84 | 2.76% |
| 1996 | $46,686,991,279.07 | 3.25% |
| 1997 | $47,912,066,029.90 | 2.62% |
| 1998 | $48,929,586,794.02 | 2.12% |
| 1999 | $49,982,543,604.65 | 2.15% |
| 2000 | $51,136,746,262.46 | 2.31% |
| 2001 | $52,718,712,624.58 | 3.09% |
| 2002 | $53,688,141,611.30 | 1.84% |
| 2003 | $54,837,281,976.74 | 2.14% |
| 2004 | $56,687,549,833.89 | 3.37% |
| 2005 | $58,064,493,355.48 | 2.43% |
| 2006 | $59,426,250,000.00 | 2.35% |
| 2007 | $61,749,715,635.38 | 3.91% |
| 2008 | $65,068,250,768.27 | 5.37% |
| 2009 | $66,290,490,635.38 | 1.88% |
| 2010 | $66,817,399,335.55 | 0.79% |
| 2011 | $69,211,433,326.41 | 3.58% |
| 2012 | $70,974,300,705.98 | 2.55% |
| 2013 | $71,975,394,331.40 | 1.41% |
| 2014 | $73,640,711,337.21 | 2.31% |
| 2015 | $74,963,741,445.18 | 1.80% |
| 2016 | $75,221,412,126.25 | 0.34% |
| 2017 | $75,884,926,785.71 | 0.88% |
| 2018 | $76,950,817,753.32 | 1.40% |
| 2019 | $78,368,234,302.33 | 1.84% |
| 2020 | $80,983,920,764.12 | 3.34% |
| 2021 | $84,078,651,951.83 | 3.82% |
| 2022 | $92,129,342,047.34 | 9.58% |
| 2023 | $97,344,186,586.38 | 5.66% |
| 2024 | $99,522,415,053.99 | 2.24% |
| 2025 | $102,315,003,322.26 | 2.81% |
| 2026 | $104,109,079,734.22 | 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 |