According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 112.77% higher in 2026 versus 1998 (a $13,532,791.89 difference in value).
Between 1998 and 2026:Food and beverages experienced an average inflation rate of 2.73% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $12,000,000 in the year 1998 would cost $25,532,791.89 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for food and beverages was higher.
In the year 1998: Pricing changed by 2.12%, which is below the average yearly change for food and beverages during the 1998-2026 time period. Compared to inflation for all items in 1998 (1.55%), inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $12,000,000 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $12,000,000.00 | 2.12% |
| 1999 | $12,258,238.06 | 2.15% |
| 2000 | $12,541,306.71 | 2.31% |
| 2001 | $12,929,284.57 | 3.09% |
| 2002 | $13,167,037.40 | 1.84% |
| 2003 | $13,448,864.52 | 2.14% |
| 2004 | $13,902,643.42 | 3.37% |
| 2005 | $14,240,339.35 | 2.43% |
| 2006 | $14,574,310.69 | 2.35% |
| 2007 | $15,144,141.53 | 3.91% |
| 2008 | $15,958,013.55 | 5.37% |
| 2009 | $16,257,768.35 | 1.88% |
| 2010 | $16,386,992.91 | 0.79% |
| 2011 | $16,974,130.67 | 3.58% |
| 2012 | $17,406,474.57 | 2.55% |
| 2013 | $17,651,993.17 | 1.41% |
| 2014 | $18,060,412.81 | 2.31% |
| 2015 | $18,384,886.45 | 1.80% |
| 2016 | $18,448,080.29 | 0.34% |
| 2017 | $18,610,807.51 | 0.88% |
| 2018 | $18,872,217.68 | 1.40% |
| 2019 | $19,219,839.64 | 1.84% |
| 2020 | $19,861,337.75 | 3.34% |
| 2021 | $20,620,321.76 | 3.82% |
| 2022 | $22,594,756.61 | 9.58% |
| 2023 | $23,873,699.24 | 5.66% |
| 2024 | $24,407,910.61 | 2.24% |
| 2025 | $25,092,793.96 | 2.81% |
| 2026 | $25,532,791.89 | 1.75%* |
* 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 | 2025 | 2026 |
| CPI | 34.983 | 36.258 | 38.058 | 40.133 | 41.367 | 43.075 | 48.800 | 55.517 | 60.200 | 62.058 | 65.758 | 72.183 | 79.917 | 86.758 | 93.500 | 97.308 | 99.475 | 103.217 | 105.625 | 109.067 | 113.508 | 118.192 | 124.892 | 132.083 | 136.792 | 138.683 | 141.583 | 144.875 | 148.867 | 153.708 | 157.742 | 161.092 | 164.558 | 168.358 | 173.567 | 176.758 | 180.542 | 186.633 | 191.167 | 195.650 | 203.300 | 214.225 | 218.249 | 219.984 | 227.866 | 233.670 | 236.966 | 242.448 | 246.804 | 247.653 | 249.837 | 253.346 | 258.013 | 266.625 | 276.814 | 303.319 | 320.488 | 327.659 | 336.853 | 342.760 |