According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 754.05% higher in 2026 versus 1970 (a $233,756,478.41 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 $31,000,000 in the year 1970 would cost $264,756,478.41 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 $31,000,000 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 | $31,000,000.00 | 5.45% |
| 1971 | $31,952,657.81 | 3.07% |
| 1972 | $33,272,217.61 | 4.13% |
| 1973 | $37,694,352.16 | 13.29% |
| 1974 | $42,882,475.08 | 13.76% |
| 1975 | $46,500,000.00 | 8.44% |
| 1976 | $47,935,423.59 | 3.09% |
| 1977 | $50,793,397.01 | 5.96% |
| 1978 | $55,756,229.24 | 9.77% |
| 1979 | $61,729,651.16 | 10.71% |
| 1980 | $67,014,327.24 | 8.56% |
| 1981 | $72,221,760.80 | 7.77% |
| 1982 | $75,163,413.62 | 4.07% |
| 1983 | $76,837,001.66 | 2.23% |
| 1984 | $79,727,159.47 | 3.76% |
| 1985 | $81,587,416.94 | 2.33% |
| 1986 | $84,245,847.18 | 3.26% |
| 1987 | $87,676,702.66 | 4.07% |
| 1988 | $91,294,227.57 | 4.13% |
| 1989 | $96,469,476.74 | 5.67% |
| 1990 | $102,024,501.66 | 5.76% |
| 1991 | $105,661,337.21 | 3.56% |
| 1992 | $107,122,508.31 | 1.38% |
| 1993 | $109,362,541.53 | 2.09% |
| 1994 | $111,905,107.97 | 2.32% |
| 1995 | $114,988,372.09 | 2.76% |
| 1996 | $118,728,197.67 | 3.25% |
| 1997 | $121,843,646.18 | 2.62% |
| 1998 | $124,431,270.76 | 2.12% |
| 1999 | $127,109,011.63 | 2.15% |
| 2000 | $130,044,227.57 | 2.31% |
| 2001 | $134,067,275.75 | 3.09% |
| 2002 | $136,532,599.67 | 1.84% |
| 2003 | $139,454,941.86 | 2.14% |
| 2004 | $144,160,299.00 | 3.37% |
| 2005 | $147,661,960.13 | 2.43% |
| 2006 | $151,125,000.00 | 2.35% |
| 2007 | $157,033,731.31 | 3.91% |
| 2008 | $165,472,992.11 | 5.37% |
| 2009 | $168,581,231.31 | 1.88% |
| 2010 | $169,921,196.01 | 0.79% |
| 2011 | $176,009,387.46 | 3.58% |
| 2012 | $180,492,479.24 | 2.55% |
| 2013 | $183,038,328.49 | 1.41% |
| 2014 | $187,273,343.02 | 2.31% |
| 2015 | $190,637,898.67 | 1.80% |
| 2016 | $191,293,172.76 | 0.34% |
| 2017 | $192,980,535.71 | 0.88% |
| 2018 | $195,691,169.02 | 1.40% |
| 2019 | $199,295,755.81 | 1.84% |
| 2020 | $205,947,624.58 | 3.34% |
| 2021 | $213,817,736.71 | 3.82% |
| 2022 | $234,291,189.78 | 9.58% |
| 2023 | $247,552,894.52 | 5.66% |
| 2024 | $253,092,277.82 | 2.24% |
| 2025 | $260,194,019.93 | 2.81% |
| 2026 | $264,756,478.41 | 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 |