According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 16.14% higher in 2021 versus 2013 (a $40,341,302.14 difference in value).
Between 2013 and 2021: Food and beverages experienced an average inflation rate of 1.89% per year. In other words, food and beverages costing $250,000,000 in the year 2013 would cost $290,341,302.14 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.84% during this same period, inflation for food and beverages was higher.
In the year 2013: Pricing changed by 1.41%, which is below the average yearly change for food and beverages during the 2013-2021 time period. Compared to inflation for all items in 2013 (1.46%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $250,000,000 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food and beverages: