According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 8.70% higher in 2021 versus 2017 (a $1.74 difference in value).
Between 2017 and 2021: Food and beverages experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $20 in the year 2017 would cost $21.74 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.98% during this same period, inflation for food and beverages was higher.
In the year 2017: Pricing changed by 0.88%, which is below the average yearly change for food and beverages during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for food and beverages was lower.
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 $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|