According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 510.37% higher in 2026 versus 1974 (a $2,960,145.18 difference in value).
Between 1974 and 2026: Food and beverages experienced an average inflation rate of 3.54% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $580,000 in the year 1974 would cost $3,540,145.18 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.69% during this same period, inflation for food and beverages was lower.
In the year 1974: Pricing changed by 13.76%, which is significantly above the average yearly change for food and beverages during the 1974-2026 time period. Compared to inflation for all items in 1974 (11.05%), inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $580,000 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $580,000.00 | 13.76% |
| 1975 | $628,928.25 | 8.44% |
| 1976 | $648,342.84 | 3.09% |
| 1977 | $686,997.90 | 5.96% |
| 1978 | $754,121.89 | 9.77% |
| 1979 | $834,914.44 | 10.71% |
| 1980 | $906,391.47 | 8.56% |
| 1981 | $976,823.78 | 7.77% |
| 1982 | $1,016,610.63 | 4.07% |
| 1983 | $1,039,246.47 | 2.23% |
| 1984 | $1,078,336.84 | 3.76% |
| 1985 | $1,103,497.45 | 2.33% |
| 1986 | $1,139,453.62 | 3.26% |
| 1987 | $1,185,857.10 | 4.07% |
| 1988 | $1,234,785.35 | 4.13% |
| 1989 | $1,304,782.35 | 5.67% |
| 1990 | $1,379,915.94 | 5.76% |
| 1991 | $1,429,105.37 | 3.56% |
| 1992 | $1,448,868.21 | 1.38% |
| 1993 | $1,479,165.42 | 2.09% |
| 1994 | $1,513,554.49 | 2.32% |
| 1995 | $1,555,256.68 | 2.76% |
| 1996 | $1,605,839.09 | 3.25% |
| 1997 | $1,647,976.58 | 2.62% |
| 1998 | $1,682,975.08 | 2.12% |
| 1999 | $1,719,192.43 | 2.15% |
| 2000 | $1,758,892.22 | 2.31% |
| 2001 | $1,813,305.31 | 3.09% |
| 2002 | $1,846,649.65 | 1.84% |
| 2003 | $1,886,175.32 | 2.14% |
| 2004 | $1,949,816.87 | 3.37% |
| 2005 | $1,997,178.02 | 2.43% |
| 2006 | $2,044,016.81 | 2.35% |
| 2007 | $2,123,934.40 | 3.91% |
| 2008 | $2,238,078.26 | 5.37% |
| 2009 | $2,280,118.25 | 1.88% |
| 2010 | $2,298,241.73 | 0.79% |
| 2011 | $2,380,586.58 | 3.58% |
| 2012 | $2,441,221.92 | 2.55% |
| 2013 | $2,475,655.39 | 1.41% |
| 2014 | $2,532,935.39 | 2.31% |
| 2015 | $2,578,442.15 | 1.80% |
| 2016 | $2,587,304.95 | 0.34% |
| 2017 | $2,610,127.11 | 0.88% |
| 2018 | $2,646,789.34 | 1.40% |
| 2019 | $2,695,542.60 | 1.84% |
| 2020 | $2,785,511.38 | 3.34% |
| 2021 | $2,891,957.31 | 3.82% |
| 2022 | $3,168,867.70 | 9.58% |
| 2023 | $3,348,236.75 | 5.66% |
| 2024 | $3,423,158.78 | 2.24% |
| 2025 | $3,515,482.87 | 2.70% |
| 2026 | $3,540,145.18 | 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 |