According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 510.37% higher in 2026 versus 1974 (a $3,725,699.97 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 $730,000 in the year 1974 would cost $4,455,699.97 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 $730,000 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 | $730,000.00 | 13.76% |
| 1975 | $791,582.11 | 8.44% |
| 1976 | $816,017.71 | 3.09% |
| 1977 | $864,669.77 | 5.96% |
| 1978 | $949,153.41 | 9.77% |
| 1979 | $1,050,840.59 | 10.71% |
| 1980 | $1,140,803.06 | 8.56% |
| 1981 | $1,229,450.62 | 7.77% |
| 1982 | $1,279,527.17 | 4.07% |
| 1983 | $1,308,017.11 | 2.23% |
| 1984 | $1,357,217.05 | 3.76% |
| 1985 | $1,388,884.72 | 2.33% |
| 1986 | $1,434,139.90 | 3.26% |
| 1987 | $1,492,544.28 | 4.07% |
| 1988 | $1,554,126.39 | 4.13% |
| 1989 | $1,642,226.06 | 5.67% |
| 1990 | $1,736,790.75 | 5.76% |
| 1991 | $1,798,701.59 | 3.56% |
| 1992 | $1,823,575.50 | 1.38% |
| 1993 | $1,861,708.20 | 2.09% |
| 1994 | $1,904,990.99 | 2.32% |
| 1995 | $1,957,478.23 | 2.76% |
| 1996 | $2,021,142.30 | 3.25% |
| 1997 | $2,074,177.42 | 2.62% |
| 1998 | $2,118,227.26 | 2.12% |
| 1999 | $2,163,811.17 | 2.15% |
| 2000 | $2,213,778.14 | 2.31% |
| 2001 | $2,282,263.58 | 3.09% |
| 2002 | $2,324,231.46 | 1.84% |
| 2003 | $2,373,979.29 | 2.14% |
| 2004 | $2,454,079.86 | 3.37% |
| 2005 | $2,513,689.58 | 2.43% |
| 2006 | $2,572,641.85 | 2.35% |
| 2007 | $2,673,227.78 | 3.91% |
| 2008 | $2,816,891.61 | 5.37% |
| 2009 | $2,869,804.01 | 1.88% |
| 2010 | $2,892,614.59 | 0.79% |
| 2011 | $2,996,255.52 | 3.58% |
| 2012 | $3,072,572.41 | 2.55% |
| 2013 | $3,115,911.09 | 1.41% |
| 2014 | $3,188,004.89 | 2.31% |
| 2015 | $3,245,280.64 | 1.80% |
| 2016 | $3,256,435.54 | 0.34% |
| 2017 | $3,285,159.98 | 0.88% |
| 2018 | $3,331,303.83 | 1.40% |
| 2019 | $3,392,665.69 | 1.84% |
| 2020 | $3,505,902.25 | 3.34% |
| 2021 | $3,639,877.30 | 3.82% |
| 2022 | $3,988,402.45 | 9.58% |
| 2023 | $4,214,160.04 | 5.66% |
| 2024 | $4,308,458.47 | 2.24% |
| 2025 | $4,424,659.48 | 2.70% |
| 2026 | $4,455,699.97 | 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 |