According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 754.05% higher in 2026 versus 1970 (a $5,293,453.16 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 $702,000 in the year 1970 would cost $5,995,453.16 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 $702,000 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 | $702,000.00 | 5.45% |
| 1971 | $723,573.09 | 3.07% |
| 1972 | $753,454.73 | 4.13% |
| 1973 | $853,594.68 | 13.29% |
| 1974 | $971,080.56 | 13.76% |
| 1975 | $1,053,000.00 | 8.44% |
| 1976 | $1,085,505.40 | 3.09% |
| 1977 | $1,150,224.67 | 5.96% |
| 1978 | $1,262,608.80 | 9.77% |
| 1979 | $1,397,877.91 | 10.71% |
| 1980 | $1,517,550.25 | 8.56% |
| 1981 | $1,635,473.42 | 7.77% |
| 1982 | $1,702,087.62 | 4.07% |
| 1983 | $1,739,986.30 | 2.23% |
| 1984 | $1,805,434.39 | 3.76% |
| 1985 | $1,847,560.22 | 2.33% |
| 1986 | $1,907,760.80 | 3.26% |
| 1987 | $1,985,453.07 | 4.07% |
| 1988 | $2,067,372.51 | 4.13% |
| 1989 | $2,184,566.86 | 5.67% |
| 1990 | $2,310,361.30 | 5.76% |
| 1991 | $2,392,718.02 | 3.56% |
| 1992 | $2,425,806.48 | 1.38% |
| 1993 | $2,476,532.39 | 2.09% |
| 1994 | $2,534,109.22 | 2.32% |
| 1995 | $2,603,930.23 | 2.76% |
| 1996 | $2,688,619.19 | 3.25% |
| 1997 | $2,759,169.02 | 2.62% |
| 1998 | $2,817,766.20 | 2.12% |
| 1999 | $2,878,404.07 | 2.15% |
| 2000 | $2,944,872.51 | 2.31% |
| 2001 | $3,035,975.08 | 3.09% |
| 2002 | $3,091,802.74 | 1.84% |
| 2003 | $3,157,979.65 | 2.14% |
| 2004 | $3,264,533.22 | 3.37% |
| 2005 | $3,343,828.90 | 2.43% |
| 2006 | $3,422,250.00 | 2.35% |
| 2007 | $3,556,054.17 | 3.91% |
| 2008 | $3,747,162.60 | 5.37% |
| 2009 | $3,817,549.17 | 1.88% |
| 2010 | $3,847,892.89 | 0.79% |
| 2011 | $3,985,760.97 | 3.58% |
| 2012 | $4,087,281.30 | 2.55% |
| 2013 | $4,144,932.47 | 1.41% |
| 2014 | $4,240,835.06 | 2.31% |
| 2015 | $4,317,025.96 | 1.80% |
| 2016 | $4,331,864.75 | 0.34% |
| 2017 | $4,370,075.36 | 0.88% |
| 2018 | $4,431,458.09 | 1.40% |
| 2019 | $4,513,084.53 | 1.84% |
| 2020 | $4,663,717.18 | 3.34% |
| 2021 | $4,841,937.13 | 3.82% |
| 2022 | $5,305,561.78 | 9.58% |
| 2023 | $5,605,875.22 | 5.66% |
| 2024 | $5,731,315.45 | 2.24% |
| 2025 | $5,892,135.55 | 2.81% |
| 2026 | $5,995,453.16 | 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 |