According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 215.26% higher in 2024 versus 1984 (a $115,161,860 difference in value).
Between 1984 and 2024: Food and beverages experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $53,500,000 in the year 1984 would cost $168,661,860 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for food and beverages was higher.
In the year 1984: Pricing changed by 3.76%, which is above the average yearly change for food and beverages during the 1984-2024 time period. Compared to inflation for all items in 1984 (4.30%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $53,500,000 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1984 | $53,500,000.00 | 3.76% |
1985 | $54,747,987.78 | 2.33% |
1986 | $56,534,245.04 | 3.26% |
1987 | $58,834,848.71 | 4.07% |
1988 | $61,263,042.18 | 4.13% |
1989 | $64,735,877.18 | 5.67% |
1990 | $68,463,891.79 | 5.76% |
1991 | $70,904,046.80 | 3.56% |
1992 | $71,884,893.43 | 1.38% |
1993 | $73,388,060.81 | 2.09% |
1994 | $75,094,574.45 | 2.33% |
1995 | $77,163,921.60 | 2.76% |
1996 | $79,671,858.70 | 3.25% |
1997 | $81,761,141.75 | 2.62% |
1998 | $83,499,552.84 | 2.13% |
1999 | $85,297,771.65 | 2.15% |
2000 | $87,267,439.26 | 2.31% |
2001 | $89,966,761.07 | 3.09% |
2002 | $91,621,441.35 | 1.84% |
2003 | $93,579,147.41 | 2.14% |
2004 | $96,736,995.08 | 3.37% |
2005 | $99,089,432.11 | 2.43% |
2006 | $101,413,958.86 | 2.35% |
2007 | $105,377,017.81 | 3.91% |
2008 | $111,040,131.17 | 5.37% |
2009 | $113,125,905.50 | 1.88% |
2010 | $114,025,094.65 | 0.79% |
2011 | $118,110,560.07 | 3.58% |
2012 | $121,118,928.31 | 2.55% |
2013 | $122,827,315.92 | 1.41% |
2014 | $125,669,219.33 | 2.31% |
2015 | $127,926,960.80 | 1.80% |
2016 | $128,366,707.04 | 0.34% |
2017 | $129,498,986.81 | 0.88% |
2018 | $131,317,938.96 | 1.40% |
2019 | $133,736,802.43 | 1.84% |
2020 | $138,200,531.75 | 3.34% |
2021 | $143,481,752.87 | 3.82% |
2022 | $157,220,383.81 | 9.58% |
2023 | $166,119,613.21 | 5.66% |
2024 | $168,661,860.00 | 1.53%* |
* 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 | 325.392 |