According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 686.67% higher in 2026 versus 1972 (a $48,066,720.84 difference in value).
Between 1972 and 2026:Food and beverages experienced an average inflation rate of 3.89% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $7,000,000 in the year 1972 would cost $55,066,720.84 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 1972: Pricing changed by 4.13%, which is above the average yearly change for food and beverages during the 1972-2026 time period. Compared to inflation for all items in 1972 (3.27%), inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $7,000,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1972 | $7,000,000.00 | 4.13% |
| 1973 | $7,930,354.03 | 13.29% |
| 1974 | $9,021,861.09 | 13.76% |
| 1975 | $9,782,936.74 | 8.44% |
| 1976 | $10,084,929.39 | 3.09% |
| 1977 | $10,686,206.23 | 5.96% |
| 1978 | $11,730,315.34 | 9.77% |
| 1979 | $12,987,038.11 | 10.71% |
| 1980 | $14,098,858.58 | 8.56% |
| 1981 | $15,194,428.32 | 7.77% |
| 1982 | $15,813,310.12 | 4.07% |
| 1983 | $16,165,409.17 | 2.23% |
| 1984 | $16,773,457.15 | 3.76% |
| 1985 | $17,164,828.79 | 2.33% |
| 1986 | $17,724,124.59 | 3.26% |
| 1987 | $18,445,927.65 | 4.07% |
| 1988 | $19,207,003.29 | 4.13% |
| 1989 | $20,295,801.90 | 5.67% |
| 1990 | $21,464,499.90 | 5.76% |
| 1991 | $22,229,638.23 | 3.56% |
| 1992 | $22,537,047.78 | 1.38% |
| 1993 | $23,008,318.82 | 2.09% |
| 1994 | $23,543,238.54 | 2.32% |
| 1995 | $24,191,913.33 | 2.76% |
| 1996 | $24,978,719.29 | 3.25% |
| 1997 | $25,634,165.22 | 2.62% |
| 1998 | $26,178,564.52 | 2.12% |
| 1999 | $26,741,923.00 | 2.15% |
| 2000 | $27,359,450.57 | 2.31% |
| 2001 | $28,205,842.52 | 3.09% |
| 2002 | $28,724,511.51 | 1.84% |
| 2003 | $29,339,330.62 | 2.14% |
| 2004 | $30,329,270.65 | 3.37% |
| 2005 | $31,065,970.21 | 2.43% |
| 2006 | $31,794,544.40 | 2.35% |
| 2007 | $33,037,657.19 | 3.91% |
| 2008 | $34,813,157.28 | 5.37% |
| 2009 | $35,467,086.48 | 1.88% |
| 2010 | $35,748,995.94 | 0.79% |
| 2011 | $37,029,864.58 | 3.58% |
| 2012 | $37,973,043.14 | 2.55% |
| 2013 | $38,508,653.51 | 1.41% |
| 2014 | $39,399,640.16 | 2.31% |
| 2015 | $40,107,494.68 | 1.80% |
| 2016 | $40,245,355.00 | 0.34% |
| 2017 | $40,600,352.10 | 0.88% |
| 2018 | $41,170,630.68 | 1.40% |
| 2019 | $41,928,984.33 | 1.84% |
| 2020 | $43,328,442.64 | 3.34% |
| 2021 | $44,984,201.97 | 3.82% |
| 2022 | $49,291,524.47 | 9.58% |
| 2023 | $52,081,597.99 | 5.66% |
| 2024 | $53,247,005.22 | 2.24% |
| 2025 | $54,683,100.30 | 2.70% |
| 2026 | $55,066,720.84 | 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 |