According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 728.59% higher in 2026 versus 1971 (a $2,229,484,931.51 difference in value).
Between 1971 and 2026:Food and beverages experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $306,000,000 in the year 1971 would cost $2,535,484,931.51 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 1971: Pricing changed by 3.07%, which is below the average yearly change for food and beverages during the 1971-2026 time period. Compared to inflation for all items in 1971 (4.29%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $306,000,000 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $306,000,000.00 | 3.07% |
| 1972 | $318,636,986.30 | 4.13% |
| 1973 | $360,986,301.37 | 13.29% |
| 1974 | $410,671,232.88 | 13.76% |
| 1975 | $445,315,068.49 | 8.44% |
| 1976 | $459,061,643.84 | 3.09% |
| 1977 | $486,431,506.85 | 5.96% |
| 1978 | $533,958,904.11 | 9.77% |
| 1979 | $591,164,383.56 | 10.71% |
| 1980 | $641,773,972.60 | 8.56% |
| 1981 | $691,643,835.62 | 7.77% |
| 1982 | $719,815,068.49 | 4.07% |
| 1983 | $735,842,465.75 | 2.23% |
| 1984 | $763,520,547.95 | 3.76% |
| 1985 | $781,335,616.44 | 2.33% |
| 1986 | $806,794,520.55 | 3.26% |
| 1987 | $839,650,684.93 | 4.07% |
| 1988 | $874,294,520.55 | 4.13% |
| 1989 | $923,856,164.38 | 5.67% |
| 1990 | $977,054,794.52 | 5.76% |
| 1991 | $1,011,883,561.64 | 3.56% |
| 1992 | $1,025,876,712.33 | 1.38% |
| 1993 | $1,047,328,767.12 | 2.09% |
| 1994 | $1,071,678,082.19 | 2.32% |
| 1995 | $1,101,205,479.45 | 2.76% |
| 1996 | $1,137,020,547.95 | 3.25% |
| 1997 | $1,166,856,164.38 | 2.62% |
| 1998 | $1,191,636,986.30 | 2.12% |
| 1999 | $1,217,280,821.92 | 2.15% |
| 2000 | $1,245,390,410.96 | 2.31% |
| 2001 | $1,283,917,808.22 | 3.09% |
| 2002 | $1,307,527,397.26 | 1.84% |
| 2003 | $1,335,513,698.63 | 2.14% |
| 2004 | $1,380,575,342.47 | 3.37% |
| 2005 | $1,414,109,589.04 | 2.43% |
| 2006 | $1,447,273,972.60 | 2.35% |
| 2007 | $1,503,859,931.51 | 3.91% |
| 2008 | $1,584,679,931.51 | 5.37% |
| 2009 | $1,614,446,506.85 | 1.88% |
| 2010 | $1,627,278,904.11 | 0.79% |
| 2011 | $1,685,583,493.15 | 3.58% |
| 2012 | $1,728,516,575.34 | 2.55% |
| 2013 | $1,752,897,328.77 | 1.41% |
| 2014 | $1,793,454,657.53 | 2.31% |
| 2015 | $1,825,675,890.41 | 1.80% |
| 2016 | $1,831,951,232.88 | 0.34% |
| 2017 | $1,848,110,547.95 | 0.88% |
| 2018 | $1,874,069,383.56 | 1.40% |
| 2019 | $1,908,589,315.07 | 1.84% |
| 2020 | $1,972,292,054.79 | 3.34% |
| 2021 | $2,047,661,506.85 | 3.82% |
| 2022 | $2,243,728,972.60 | 9.58% |
| 2023 | $2,370,731,917.81 | 5.66% |
| 2024 | $2,423,780,753.42 | 2.24% |
| 2025 | $2,491,791,780.82 | 2.81% |
| 2026 | $2,535,484,931.51 | 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 |