Food and beverages priced at $63,000,000,000 in 1980 $179,843,549,388.19 in 2016

Food And Beverages Inflation Calculator

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Prices for Food And Beverages, 1980-2016 ($63,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 185.47% higher in 2016 versus 1980 (a $116,843,549,388.19 difference in value).

Between 1980 and 2016: Food and beverages experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $63,000,000,000 in the year 1980 would cost $179,843,549,388.19 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for food and beverages was lower.

In the year 1980: Pricing changed by 8.56%, which is significantly above the average yearly change for food and beverages during the 1980-2016 time period. Compared to inflation for all items in 1980 (13.55%), inflation for food and beverages was much lower.

Price Inflation for Food and beverages since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (13.76%), 1973 (13.29%), and 1979 (10.71%).

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Buying power of $63,000,000,000.00 since 1980

Below are calculations of equivalent buying power for Food and beverages, over time, for $63,000,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$63,000,000,000.008.56%
1981$67,899,006,916.127.78%
1982$70,664,124,844.834.07%
1983$72,239,404,149.672.23%
1984$74,954,247,206.953.76%
1985$76,702,695,513.392.33%
1986$79,205,266,891.293.26%
1987$82,428,444,759.714.07%
1988$85,830,377,726.554.13%
1989$90,695,868,061.715.67%
1990$95,918,868,593.725.76%
1991$99,337,559,851.043.56%
1992$100,711,739,670.151.38%
1993$102,817,698,173.442.09%
1994$105,208,547,614.832.33%
1995$108,107,731,867.352.76%
1996$111,621,386,770.703.25%
1997$114,548,501,507.362.62%
1998$116,984,039,723.362.13%
1999$119,503,369,391.742.15%
2000$122,262,901,223.622.31%
2001$126,044,688,774.613.09%
2002$128,362,918,957.261.84%
2003$131,105,692,498.672.14%
2004$135,529,881,184.613.37%
2005$138,825,678,311.762.43%
2006$142,082,372,761.132.35%
2007$147,634,673,701.013.91%
2008$155,568,774,605.435.37%
2009$158,490,973,576.881.88%
2010$159,750,750,133.000.79%
2011$165,474,544,245.433.58%
2012$169,689,310,161.382.55%
2013$172,082,785,068.271.41%
2014$176,064,331,441.752.31%
2015$179,227,458,769.291.80%
2016$179,843,549,388.190.34%
2017$181,429,889,164.750.88%
2018$183,978,266,536.621.40%
2019$187,367,128,036.891.84%
2020$193,620,875,155.173.34%
2021$201,019,939,705.623.82%
2022$220,267,953,537.869.58%
2023$232,735,898,208.905.66%
2024$236,002,424,188.691.40%*

* 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:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI34.98536.25438.06240.13141.36943.07748.80055.51560.20062.06265.76272.18579.91586.75493.50097.30899.477103.215105.623109.069113.508118.192124.892132.085136.792138.685141.585144.877148.869153.708157.738161.092164.562168.362173.569176.762180.538186.631191.169195.654203.300214.225218.249219.984227.866233.670236.966242.449246.804247.653249.837253.346258.013266.625276.814303.319320.488324.986

Adjust food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2016 / CPI in 1980 * 1980 USD value = 2016 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 86.754 in the year 1980 and 247.653 in 2016:

247.653 / 86.754 * $63,000,000,000 = $179,843,549,388.19

Therefore, according to U.S. Bureau of Labor Statistics, $63,000,000,000 in 1980 has the same "purchasing power" as $179,843,549,388.19 in 2016 (in the CPI category of Food and beverages).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food and beverages in 1967. In addition to food and beverages, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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