According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 744.33% higher in 2026 versus 1970 (a $58,810,135,156.01 difference in value).
Between 1970 and 2026: Food and beverages experienced an average inflation rate of 3.88% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $7,901,104,000 in the year 1970 would cost $66,711,239,156.01 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.86% 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 $7,901,104,000 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 | $7,901,104,000.00 | 5.45% |
| 1971 | $8,143,912,013.29 | 3.07% |
| 1972 | $8,480,233,923.59 | 4.13% |
| 1973 | $9,607,322,471.76 | 13.29% |
| 1974 | $10,929,641,787.38 | 13.76% |
| 1975 | $11,851,656,000.00 | 8.44% |
| 1976 | $12,217,508,614.62 | 3.09% |
| 1977 | $12,945,932,654.49 | 5.96% |
| 1978 | $14,210,831,156.15 | 9.77% |
| 1979 | $15,733,303,023.26 | 10.71% |
| 1980 | $17,080,231,259.14 | 8.56% |
| 1981 | $18,407,472,358.80 | 7.77% |
| 1982 | $19,157,224,129.57 | 4.07% |
| 1983 | $19,583,778,747.51 | 2.23% |
| 1984 | $20,320,405,760.80 | 3.76% |
| 1985 | $20,794,537,624.58 | 2.33% |
| 1986 | $21,472,103,229.24 | 3.26% |
| 1987 | $22,346,540,196.01 | 4.07% |
| 1988 | $23,268,554,408.64 | 4.13% |
| 1989 | $24,587,592,534.88 | 5.67% |
| 1990 | $26,003,425,747.51 | 5.76% |
| 1991 | $26,930,361,744.19 | 3.56% |
| 1992 | $27,302,776,737.54 | 1.38% |
| 1993 | $27,873,703,687.71 | 2.09% |
| 1994 | $28,521,738,588.04 | 2.32% |
| 1995 | $29,307,583,441.86 | 2.76% |
| 1996 | $30,260,768,953.49 | 3.25% |
| 1997 | $31,054,816,780.73 | 2.62% |
| 1998 | $31,714,335,843.85 | 2.12% |
| 1999 | $32,396,823,232.56 | 2.15% |
| 2000 | $33,144,934,408.64 | 2.31% |
| 2001 | $34,170,306,086.38 | 3.09% |
| 2002 | $34,798,653,850.50 | 1.84% |
| 2003 | $35,543,483,837.21 | 2.14% |
| 2004 | $36,742,758,551.50 | 3.37% |
| 2005 | $37,635,242,059.80 | 2.43% |
| 2006 | $38,517,882,000.00 | 2.35% |
| 2007 | $40,023,865,890.53 | 3.91% |
| 2008 | $42,174,816,769.34 | 5.37% |
| 2009 | $42,967,027,130.53 | 1.88% |
| 2010 | $43,308,549,725.98 | 0.79% |
| 2011 | $44,860,273,396.31 | 3.58% |
| 2012 | $46,002,898,376.15 | 2.55% |
| 2013 | $46,651,769,979.77 | 1.41% |
| 2014 | $47,731,166,440.47 | 2.31% |
| 2015 | $48,588,705,281.99 | 1.80% |
| 2016 | $48,755,717,820.86 | 0.34% |
| 2017 | $49,185,783,311.43 | 0.88% |
| 2018 | $49,876,654,138.97 | 1.40% |
| 2019 | $50,795,370,756.28 | 1.84% |
| 2020 | $52,490,761,303.12 | 3.34% |
| 2021 | $54,496,650,799.93 | 3.82% |
| 2022 | $59,714,808,282.82 | 9.58% |
| 2023 | $63,094,876,293.22 | 5.66% |
| 2024 | $64,506,722,860.76 | 2.24% |
| 2025 | $66,246,497,459.62 | 2.70% |
| 2026 | $66,711,239,156.01 | 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 |