According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 11.18% higher in 2018 versus 2011 (a $39.14 difference in value).
Between 2011 and 2018: Food and beverages experienced an average inflation rate of 1.53% per year. In other words, food and beverages costing $350 in the year 2011 would cost $389.14 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.58% during this same period, inflation for food and beverages was lower.
In the year 2011: Pricing changed by 3.58%, which is above the average yearly change for food and beverages during the 2011-2018 time period. Compared to inflation for all items in 2011 (3.16%), inflation for food and beverages was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food and beverages:
Below are calculations of equivalent buying power for Food and beverages, over time, for $350 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|