According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 179.61% higher in 2023 versus 1987 (a $77,098.87 difference in value).
Between 1987 and 2023: Food and beverages experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $42,926 in the year 1987 would cost $120,024.87 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation for food and beverages was higher.
In the year 1987: Pricing changed by 4.07%, which is above the average yearly change for food and beverages during the 1987-2023 time period. Compared to inflation for all items in 1987 (3.66%), inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $42,926 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1987 | $42,926.00 | 4.07% |
| 1988 | $44,697.61 | 4.13% |
| 1989 | $47,231.40 | 5.67% |
| 1990 | $49,951.37 | 5.76% |
| 1991 | $51,731.71 | 3.56% |
| 1992 | $52,447.33 | 1.38% |
| 1993 | $53,544.05 | 2.09% |
| 1994 | $54,789.12 | 2.33% |
| 1995 | $56,298.92 | 2.76% |
| 1996 | $58,128.72 | 3.25% |
| 1997 | $59,653.06 | 2.62% |
| 1998 | $60,921.41 | 2.13% |
| 1999 | $62,233.39 | 2.15% |
| 2000 | $63,670.46 | 2.31% |
| 2001 | $65,639.89 | 3.09% |
| 2002 | $66,847.15 | 1.84% |
| 2003 | $68,275.50 | 2.14% |
| 2004 | $70,579.47 | 3.37% |
| 2005 | $72,295.81 | 2.43% |
| 2006 | $73,991.79 | 2.35% |
| 2007 | $76,883.24 | 3.91% |
| 2008 | $81,015.06 | 5.37% |
| 2009 | $82,536.84 | 1.88% |
| 2010 | $83,192.89 | 0.79% |
| 2011 | $86,173.65 | 3.58% |
| 2012 | $88,368.56 | 2.55% |
| 2013 | $89,615.01 | 1.41% |
| 2014 | $91,688.46 | 2.31% |
| 2015 | $93,335.72 | 1.80% |
| 2016 | $93,656.56 | 0.34% |
| 2017 | $94,482.67 | 0.88% |
| 2018 | $95,809.78 | 1.40% |
| 2019 | $97,574.59 | 1.84% |
| 2020 | $100,831.33 | 3.34% |
| 2021 | $104,684.52 | 3.82% |
| 2022 | $114,708.24 | 9.58% |
| 2023 | $120,024.87 | 4.63%* |
* 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 |
| 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 | 317.377 |