According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 198.12% higher in 2024 versus 1986 (a $1,008,344,728,782.11 difference in value).
Between 1986 and 2024: Food and beverages experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $508,963,286,286 in the year 1986 would cost $1,517,308,015,068.11 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 1986: Pricing changed by 3.26%, which is above the average yearly change for food and beverages during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $508,963,286,286 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1986 | $508,963,286,286.00 | 3.26% |
1987 | $529,675,030,145.72 | 4.07% |
1988 | $551,535,432,243.77 | 4.13% |
1989 | $582,800,473,668.07 | 5.67% |
1990 | $616,362,831,569.00 | 5.76% |
1991 | $638,330,920,376.89 | 3.56% |
1992 | $647,161,230,583.98 | 1.38% |
1993 | $660,693,860,454.20 | 2.09% |
1994 | $676,057,164,391.74 | 2.33% |
1995 | $694,686,965,194.51 | 2.76% |
1996 | $717,265,278,691.51 | 3.25% |
1997 | $736,074,557,344.01 | 2.62% |
1998 | $751,725,025,841.13 | 2.13% |
1999 | $767,913,927,887.47 | 2.15% |
2000 | $785,646,339,441.55 | 2.31% |
2001 | $809,947,640,296.02 | 3.09% |
2002 | $824,844,301,824.25 | 1.84% |
2003 | $842,469,026,668.48 | 2.14% |
2004 | $870,898,318,066.93 | 3.37% |
2005 | $892,076,704,335.97 | 2.43% |
2006 | $913,003,821,615.38 | 2.35% |
2007 | $948,682,223,364.72 | 3.91% |
2008 | $999,665,778,228.29 | 5.37% |
2009 | $1,018,443,468,779.24 | 1.88% |
2010 | $1,026,538,637,713.81 | 0.79% |
2011 | $1,063,319,033,460.55 | 3.58% |
2012 | $1,090,402,599,941.65 | 2.55% |
2013 | $1,105,782,774,797.07 | 1.41% |
2014 | $1,131,367,701,232.87 | 2.31% |
2015 | $1,151,693,567,715.66 | 1.80% |
2016 | $1,155,652,490,125.17 | 0.34% |
2017 | $1,165,846,114,078.87 | 0.88% |
2018 | $1,182,221,673,088.93 | 1.40% |
2019 | $1,203,998,079,553.30 | 1.84% |
2020 | $1,244,183,888,020.96 | 3.34% |
2021 | $1,291,729,365,194.96 | 3.82% |
2022 | $1,415,414,730,563.15 | 9.58% |
2023 | $1,495,532,206,863.24 | 5.66% |
2024 | $1,517,308,015,068.11 | 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 |