According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 752.40% higher in 2026 versus 1970 (a $131,044,606.91 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 $17,416,911 in the year 1970 would cost $148,461,517.91 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 $17,416,911 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 | $17,416,911.00 | 5.45% |
| 1971 | $17,952,148.30 | 3.07% |
| 1972 | $18,693,524.29 | 4.13% |
| 1973 | $21,178,037.96 | 13.29% |
| 1974 | $24,092,911.35 | 13.76% |
| 1975 | $26,125,366.50 | 8.44% |
| 1976 | $26,931,838.92 | 3.09% |
| 1977 | $28,537,550.81 | 5.96% |
| 1978 | $31,325,847.82 | 9.77% |
| 1979 | $34,681,930.33 | 10.71% |
| 1980 | $37,651,050.75 | 8.56% |
| 1981 | $40,576,773.55 | 7.77% |
| 1982 | $42,229,499.53 | 4.07% |
| 1983 | $43,169,781.27 | 2.23% |
| 1984 | $44,793,575.51 | 3.76% |
| 1985 | $45,838,734.83 | 2.33% |
| 1986 | $47,332,336.21 | 3.26% |
| 1987 | $49,259,913.77 | 4.07% |
| 1988 | $51,292,368.92 | 4.13% |
| 1989 | $54,200,009.38 | 5.67% |
| 1990 | $57,321,021.46 | 5.76% |
| 1991 | $59,364,326.01 | 3.56% |
| 1992 | $60,185,264.30 | 1.38% |
| 1993 | $61,443,795.24 | 2.09% |
| 1994 | $62,872,300.19 | 2.32% |
| 1995 | $64,604,588.48 | 2.76% |
| 1996 | $66,705,756.52 | 3.25% |
| 1997 | $68,456,127.14 | 2.62% |
| 1998 | $69,909,947.37 | 2.12% |
| 1999 | $71,414,398.16 | 2.15% |
| 2000 | $73,063,507.67 | 2.31% |
| 2001 | $75,323,800.31 | 3.09% |
| 2002 | $76,708,907.65 | 1.84% |
| 2003 | $78,350,784.22 | 2.14% |
| 2004 | $80,994,422.50 | 3.37% |
| 2005 | $82,961,781.22 | 2.43% |
| 2006 | $84,907,441.13 | 2.35% |
| 2007 | $88,227,178.14 | 3.91% |
| 2008 | $92,968,657.31 | 5.37% |
| 2009 | $94,714,977.49 | 1.88% |
| 2010 | $95,467,817.68 | 0.79% |
| 2011 | $98,888,381.82 | 3.58% |
| 2012 | $101,407,143.45 | 2.55% |
| 2013 | $102,837,492.80 | 1.41% |
| 2014 | $105,216,875.75 | 2.31% |
| 2015 | $107,107,203.69 | 1.80% |
| 2016 | $107,475,360.16 | 0.34% |
| 2017 | $108,423,381.14 | 0.88% |
| 2018 | $109,946,312.07 | 1.40% |
| 2019 | $111,971,498.12 | 1.84% |
| 2020 | $115,708,756.39 | 3.34% |
| 2021 | $120,130,467.44 | 3.82% |
| 2022 | $131,633,187.11 | 9.58% |
| 2023 | $139,084,088.12 | 5.66% |
| 2024 | $142,196,312.18 | 2.24% |
| 2025 | $146,186,325.42 | 2.81% |
| 2026 | $148,461,517.91 | 1.56%* |
* 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 | 342.096 |