Food and beverages priced at $119,600 in 2000 $179,971.20 in 2018

Food And Beverages Inflation Calculator

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Prices for Food And Beverages, 2000-2018 ($119,600)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 50.48% higher in 2018 versus 2000 (a $60,371.20 difference in value).

Between 2000 and 2018: Food and beverages experienced an average inflation rate of 2.30% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $119,600 in the year 2000 would cost $179,971.20 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for food and beverages was higher.

In the year 2000: Pricing changed by 2.31%, which is above the average yearly change for food and beverages during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), 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 (13.76%), 1973 (13.29%), and 1979 (10.71%).

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Buying power of $119,600.00 since 2000

Below are calculations of equivalent buying power for Food and beverages, over time, for $119,600 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$119,600.002.31%
2001$123,299.423.09%
2002$125,567.161.84%
2003$128,250.192.14%
2004$132,578.023.37%
2005$135,802.042.43%
2006$138,987.802.35%
2007$144,419.173.91%
2008$152,180.475.37%
2009$155,039.021.88%
2010$156,271.360.79%
2011$161,870.493.58%
2012$165,993.462.55%
2013$168,334.801.41%
2014$172,229.632.31%
2015$175,323.861.80%
2016$175,926.530.34%
2017$177,478.320.88%
2018$179,971.201.40%
2019$183,286.251.84%
2020$189,403.793.34%
2021$196,641.703.82%
2022$215,470.499.58%
2023$227,666.885.66%
2024$230,862.261.40%*

* 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:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI34.98536.25438.06240.13141.36943.07748.80055.51560.20062.06265.76272.18579.91586.75493.50097.30899.477103.215105.623109.069113.508118.192124.892132.085136.792138.685141.585144.877148.869153.708157.738161.092164.562168.362173.569176.762180.538186.631191.169195.654203.300214.225218.249219.984227.866233.670236.966242.449246.804247.653249.837253.346258.013266.625276.814303.319320.488324.986

Adjust food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 168.362 in the year 2000 and 253.346 in 2018:

253.346 / 168.362 * $119,600 = $179,971.20

Therefore, according to U.S. Bureau of Labor Statistics, $119,600 in 2000 has the same "purchasing power" as $179,971.20 in 2018 (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.

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