According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 440.12% higher in 2024 versus 1975 (a $277,277,790,697.67 difference in value).
Between 1975 and 2024: Food and beverages experienced an average inflation rate of 3.50% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $63,000,000,000 in the year 1975 would cost $340,277,790,697.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.64% during this same period, inflation for food and beverages was lower.
In the year 1975: Pricing changed by 8.44%, which is significantly above the average yearly change for food and beverages during the 1975-2024 time period. Compared to inflation for all items in 1975 (9.14%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $63,000,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1975 | $63,000,000,000.00 | 8.44% |
1976 | $64,948,121,645.80 | 3.09% |
1977 | $68,820,214,669.05 | 5.96% |
1978 | $75,542,039,355.99 | 9.77% |
1979 | $83,632,379,248.66 | 10.71% |
1980 | $90,788,908,765.65 | 8.56% |
1981 | $97,848,837,209.30 | 7.78% |
1982 | $101,833,631,484.79 | 4.07% |
1983 | $104,103,756,708.41 | 2.23% |
1984 | $108,016,100,178.89 | 3.76% |
1985 | $110,535,778,175.31 | 2.33% |
1986 | $114,142,218,246.87 | 3.26% |
1987 | $118,787,119,856.89 | 4.07% |
1988 | $123,689,624,329.16 | 4.13% |
1989 | $130,701,252,236.14 | 5.67% |
1990 | $138,228,085,867.62 | 5.76% |
1991 | $143,154,740,608.23 | 3.56% |
1992 | $145,135,062,611.81 | 1.38% |
1993 | $148,169,946,332.74 | 2.09% |
1994 | $151,615,384,615.38 | 2.33% |
1995 | $155,793,381,037.57 | 2.76% |
1996 | $160,856,887,298.75 | 3.25% |
1997 | $165,075,134,168.16 | 2.62% |
1998 | $168,584,973,166.37 | 2.13% |
1999 | $172,215,563,506.26 | 2.15% |
2000 | $176,192,307,692.31 | 2.31% |
2001 | $181,642,218,246.87 | 3.09% |
2002 | $184,983,005,366.73 | 1.84% |
2003 | $188,935,599,284.44 | 2.14% |
2004 | $195,311,270,125.22 | 3.37% |
2005 | $200,060,822,898.03 | 2.43% |
2006 | $204,754,025,044.72 | 2.35% |
2007 | $212,755,411,449.02 | 3.91% |
2008 | $224,189,194,991.06 | 5.37% |
2009 | $228,400,357,781.75 | 1.88% |
2010 | $230,215,813,953.49 | 0.79% |
2011 | $238,464,338,103.76 | 3.58% |
2012 | $244,538,211,091.23 | 2.55% |
2013 | $247,987,432,915.92 | 1.41% |
2014 | $253,725,214,669.05 | 2.31% |
2015 | $258,283,577,817.53 | 1.80% |
2016 | $259,171,422,182.47 | 0.34% |
2017 | $261,457,486,583.18 | 0.88% |
2018 | $265,129,937,388.19 | 1.40% |
2019 | $270,013,604,651.16 | 1.84% |
2020 | $279,025,840,787.12 | 3.34% |
2021 | $289,688,586,762.08 | 3.82% |
2022 | $317,426,779,964.22 | 9.58% |
2023 | $335,394,257,602.86 | 5.66% |
2024 | $340,277,790,697.67 | 1.46%* |
* 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 |
CPI | 34.985 | 36.254 | 38.062 | 40.131 | 41.369 | 43.077 | 48.800 | 55.515 | 60.200 | 62.062 | 65.762 | 72.185 | 79.915 | 86.754 | 93.500 | 97.308 | 99.477 | 103.215 | 105.623 | 109.069 | 113.508 | 118.192 | 124.892 | 132.085 | 136.792 | 138.685 | 141.585 | 144.877 | 148.869 | 153.708 | 157.738 | 161.092 | 164.562 | 168.362 | 173.569 | 176.762 | 180.538 | 186.631 | 191.169 | 195.654 | 203.300 | 214.225 | 218.249 | 219.984 | 227.866 | 233.670 | 236.966 | 242.449 | 246.804 | 247.653 | 249.837 | 253.346 | 258.013 | 266.625 | 276.814 | 303.319 | 320.488 | 325.154 |