According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 719.15% higher in 2026 versus 1971 (a $4,818,336.58 difference in value).
Between 1971 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 $670,000 in the year 1971 would cost $5,488,336.58 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.85% 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 $670,000 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 | $670,000.00 | 3.07% |
| 1972 | $697,669.22 | 4.13% |
| 1973 | $790,394.84 | 13.29% |
| 1974 | $899,182.11 | 13.76% |
| 1975 | $975,036.26 | 8.44% |
| 1976 | $1,005,134.97 | 3.09% |
| 1977 | $1,065,062.45 | 5.96% |
| 1978 | $1,169,125.71 | 9.77% |
| 1979 | $1,294,379.53 | 10.71% |
| 1980 | $1,405,191.38 | 8.56% |
| 1981 | $1,514,383.56 | 7.77% |
| 1982 | $1,576,065.67 | 4.07% |
| 1983 | $1,611,158.34 | 2.23% |
| 1984 | $1,671,760.68 | 3.76% |
| 1985 | $1,710,767.53 | 2.33% |
| 1986 | $1,766,510.88 | 3.26% |
| 1987 | $1,838,450.85 | 4.07% |
| 1988 | $1,914,305.00 | 4.13% |
| 1989 | $2,022,822.32 | 5.67% |
| 1990 | $2,139,302.98 | 5.76% |
| 1991 | $2,215,562.05 | 3.56% |
| 1992 | $2,246,200.64 | 1.38% |
| 1993 | $2,293,170.83 | 2.09% |
| 1994 | $2,346,484.69 | 2.32% |
| 1995 | $2,411,136.18 | 2.76% |
| 1996 | $2,489,554.79 | 3.25% |
| 1997 | $2,554,881.14 | 2.62% |
| 1998 | $2,609,139.81 | 2.12% |
| 1999 | $2,665,288.07 | 2.15% |
| 2000 | $2,726,835.21 | 2.31% |
| 2001 | $2,811,192.59 | 3.09% |
| 2002 | $2,862,886.78 | 1.84% |
| 2003 | $2,924,163.98 | 2.14% |
| 2004 | $3,022,828.36 | 3.37% |
| 2005 | $3,096,253.02 | 2.43% |
| 2006 | $3,168,867.85 | 2.35% |
| 2007 | $3,292,765.21 | 3.91% |
| 2008 | $3,469,724.03 | 5.37% |
| 2009 | $3,534,899.21 | 1.88% |
| 2010 | $3,562,996.29 | 0.79% |
| 2011 | $3,690,656.67 | 3.58% |
| 2012 | $3,784,660.48 | 2.55% |
| 2013 | $3,838,043.17 | 1.41% |
| 2014 | $3,926,845.17 | 2.31% |
| 2015 | $3,997,394.92 | 1.80% |
| 2016 | $4,011,135.05 | 0.34% |
| 2017 | $4,046,516.56 | 0.88% |
| 2018 | $4,103,354.53 | 1.40% |
| 2019 | $4,178,937.39 | 1.84% |
| 2020 | $4,318,417.24 | 3.34% |
| 2021 | $4,483,441.86 | 3.82% |
| 2022 | $4,912,739.91 | 9.58% |
| 2023 | $5,190,818.25 | 5.66% |
| 2024 | $5,306,970.93 | 2.24% |
| 2025 | $5,450,102.26 | 2.70% |
| 2026 | $5,488,336.58 | 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 |