According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 102% higher in 2022 versus 1994 (a $5,649.87 difference in value).
Between 1994 and 2022: Food and beverages experienced an average inflation rate of 2.54% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $5,539 in the year 1994 would cost $11,188.87 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.37% during this same period, inflation for food and beverages was higher.
In the year 1994: Pricing changed by 2.30%, which is below the average yearly change for food and beverages during the 1994-2022 time period. Compared to inflation for all items in 1994 (2.60%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $5,539 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1994 | $5,539.00 | 2.30% |
| 1995 | $5,692.27 | 2.77% |
| 1996 | $5,876.13 | 3.23% |
| 1997 | $6,031.62 | 2.65% |
| 1998 | $6,160.04 | 2.13% |
| 1999 | $6,291.96 | 2.14% |
| 2000 | $6,437.26 | 2.31% |
| 2001 | $6,637.37 | 3.11% |
| 2002 | $6,758.45 | 1.82% |
| 2003 | $6,903.44 | 2.15% |
| 2004 | $7,136.68 | 3.38% |
| 2005 | $7,310.35 | 2.43% |
| 2006 | $7,481.78 | 2.35% |
| 2007 | $7,773.79 | 3.90% |
| 2008 | $8,191.67 | 5.38% |
| 2009 | $8,345.25 | 1.87% |
| 2010 | $8,411.53 | 0.79% |
| 2011 | $8,712.98 | 3.58% |
| 2012 | $8,934.42 | 2.54% |
| 2013 | $9,060.63 | 1.41% |
| 2014 | $9,270.43 | 2.32% |
| 2015 | $9,437.15 | 1.80% |
| 2016 | $9,469.72 | 0.35% |
| 2017 | $9,553.22 | 0.88% |
| 2018 | $9,687.36 | 1.40% |
| 2019 | $9,865.74 | 1.84% |
| 2020 | $10,194.81 | 3.34% |
| 2021 | $10,584.50 | 3.82% |
| 2022 | $11,188.87 | 5.71%* |
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 | 292.616 |