Food and beverages price inflation, 1992→2022

Food And Beverages Inflation Calculator

Prices for Food And Beverages, 1992-2022 ($229)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 114.19% higher in 2022 versus 1992 (a $261.50 difference in value).

Between 1992 and 2022: Food and beverages experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $229 in the year 1992 would cost $490.50 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for food and beverages was higher.

In the year 1992: Pricing changed by 1.40%, which is below the average yearly change for food and beverages during the 1992-2022 time period. Compared to inflation for all items in 1992 (3.03%), inflation for food and beverages was 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 (13.75%), 1973 (13.29%), and 1979 (10.74%).

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Buying power of $229.00 since 1992

Below are calculations of equivalent buying power for Food and beverages, over time, for $229 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1992	$229.00	1.40%
1993	$233.84	2.12%
1994	$239.21	2.30%
1995	$245.83	2.77%
1996	$253.77	3.23%
1997	$260.49	2.65%
1998	$266.03	2.13%
1999	$271.73	2.14%
2000	$278.00	2.31%
2001	$286.65	3.11%
2002	$291.87	1.82%
2003	$298.14	2.15%
2004	$308.21	3.38%
2005	$315.71	2.43%
2006	$323.11	2.35%
2007	$335.72	3.90%
2008	$353.77	5.38%
2009	$360.40	1.87%
2010	$363.27	0.79%
2011	$376.28	3.58%
2012	$385.85	2.54%
2013	$391.30	1.41%
2014	$400.36	2.32%
2015	$407.56	1.80%
2016	$408.97	0.35%
2017	$412.57	0.88%
2018	$418.36	1.40%
2019	$426.07	1.84%
2020	$440.28	3.34%
2021	$457.11	3.82%
2022	$490.50	7.31%*

* Not final. See inflation summary for latest details.

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
CPI	34.992	36.233	38.050	40.125	41.375	43.075	48.800	55.508	60.192	62.075	65.767	72.183	79.933	86.750	93.517	97.300	99.475	103.217	105.583	109.058	113.550	118.183	124.908	132.075	136.767	138.675	141.608	144.858	148.867	153.675	157.742	161.100	164.550	168.350	173.583	176.750	180.542	186.642	191.183	195.667	203.303	214.232	218.249	219.982	227.866	233.657	236.958	242.444	246.804	247.656	249.840	253.348	258.013	266.619	276.810	297.033

Adjust food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1992 * 1992 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 138.675 in the year 1992 and 297.033 in 2022:

297.033 / 138.675 * $229 = $490.50

Therefore, according to U.S. Bureau of Labor Statistics, $229 in 1992 has the same "purchasing power" as $490.50 in 2022 (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.