According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 7.29% higher in 2021 versus 2019 (a $0.07 difference in value).
Between 2019 and 2021: Food and beverages experienced an average inflation rate of 3.58% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $1 in the year 2019 would cost $1.07 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation for food and beverages was higher.
In the year 2019: Pricing changed by 1.84%, which is below the average yearly change for food and beverages during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), inflation for food and beverages was higher.
Below are calculations of equivalent buying power for Food and beverages, over time, for $1 beginning in 2019. 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: