According to the U.S. Bureau of Labor Statistics, prices for food at home are 649.21% higher in 2024 versus 1971 (a $129.84 difference in value).
Between 1971 and 2024: Food at home experienced an average inflation rate of 3.87% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 1971 would cost $149.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for food at home was lower.
In the year 1971: Pricing changed by 2.43%, which is below the average yearly change for food at home during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation for food at home was lower.
Below are calculations of equivalent buying power for Food at home, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $20.00 | 2.43% |
| 1972 | $20.89 | 4.44% |
| 1973 | $24.29 | 16.30% |
| 1974 | $27.90 | 14.85% |
| 1975 | $30.20 | 8.25% |
| 1976 | $30.84 | 2.12% |
| 1977 | $32.67 | 5.93% |
| 1978 | $36.11 | 10.53% |
| 1979 | $40.02 | 10.81% |
| 1980 | $43.22 | 8.00% |
| 1981 | $46.37 | 7.30% |
| 1982 | $47.97 | 3.45% |
| 1983 | $48.48 | 1.06% |
| 1984 | $50.27 | 3.70% |
| 1985 | $51.00 | 1.44% |
| 1986 | $52.46 | 2.86% |
| 1987 | $54.72 | 4.32% |
| 1988 | $57.01 | 4.17% |
| 1989 | $60.75 | 6.57% |
| 1990 | $64.71 | 6.53% |
| 1991 | $66.44 | 2.66% |
| 1992 | $66.92 | 0.72% |
| 1993 | $68.50 | 2.37% |
| 1994 | $70.47 | 2.87% |
| 1995 | $72.75 | 3.24% |
| 1996 | $75.47 | 3.73% |
| 1997 | $77.34 | 2.49% |
| 1998 | $78.81 | 1.89% |
| 1999 | $80.31 | 1.91% |
| 2000 | $82.11 | 2.24% |
| 2001 | $84.79 | 3.27% |
| 2002 | $85.89 | 1.30% |
| 2003 | $87.74 | 2.15% |
| 2004 | $91.06 | 3.79% |
| 2005 | $92.82 | 1.93% |
| 2006 | $94.45 | 1.76% |
| 2007 | $98.43 | 4.21% |
| 2008 | $104.73 | 6.40% |
| 2009 | $105.21 | 0.47% |
| 2010 | $105.56 | 0.33% |
| 2011 | $110.63 | 4.80% |
| 2012 | $113.36 | 2.46% |
| 2013 | $114.38 | 0.90% |
| 2014 | $117.12 | 2.39% |
| 2015 | $118.48 | 1.17% |
| 2016 | $116.92 | -1.31% |
| 2017 | $116.69 | -0.20% |
| 2018 | $117.22 | 0.45% |
| 2019 | $118.25 | 0.88% |
| 2020 | $122.39 | 3.50% |
| 2021 | $126.62 | 3.46% |
| 2022 | $141.08 | 11.42% |
| 2023 | $148.16 | 5.02% |
| 2024 | $149.84 | 1.14%* |
* 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 at home:
| Year | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 25.838 | 28.000 | 26.900 | 27.254 | 30.308 | 30.862 | 30.285 | 30.123 | 29.508 | 29.677 | 30.638 | 31.977 | 31.208 | 31.492 | 31.762 | 31.985 | 32.385 | 32.769 | 33.515 | 35.238 | 35.115 | 36.254 | 38.023 | 39.923 | 40.892 | 42.708 | 49.669 | 57.046 | 61.754 | 63.062 | 66.800 | 73.831 | 81.815 | 88.362 | 94.815 | 98.085 | 99.123 | 102.792 | 104.269 | 107.254 | 111.885 | 116.554 | 124.208 | 132.315 | 135.838 | 136.823 | 140.062 | 144.085 | 148.754 | 154.300 | 158.138 | 161.131 | 164.208 | 167.885 | 173.369 | 175.615 | 179.392 | 186.185 | 189.777 | 193.115 | 201.245 | 214.125 | 215.124 | 215.836 | 226.201 | 231.774 | 233.869 | 239.456 | 242.250 | 239.065 | 238.589 | 239.661 | 241.775 | 250.233 | 258.892 | 288.451 | 302.929 | 306.369 |