According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 833.99% higher in 2024 versus 1967 (a $76,224.30 difference in value).
Between 1967 and 2024: Food and beverages experienced an average inflation rate of 4% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $9,139.67 in the year 1967 would cost $85,363.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.01% during this same period, inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $9,139.67 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1967 | $9,139.67 | - |
1968 | $9,471.25 | 3.63% |
1969 | $9,943.51 | 4.99% |
1970 | $10,484.09 | 5.44% |
1971 | $10,807.64 | 3.09% |
1972 | $11,253.77 | 4.13% |
1973 | $12,748.92 | 13.29% |
1974 | $14,503.30 | 13.76% |
1975 | $15,727.15 | 8.44% |
1976 | $16,213.47 | 3.09% |
1977 | $17,180.09 | 5.96% |
1978 | $18,858.11 | 9.77% |
1979 | $20,877.76 | 10.71% |
1980 | $22,664.29 | 8.56% |
1981 | $24,426.71 | 7.78% |
1982 | $25,421.47 | 4.07% |
1983 | $25,988.17 | 2.23% |
1984 | $26,964.84 | 3.76% |
1985 | $27,593.85 | 2.33% |
1986 | $28,494.15 | 3.26% |
1987 | $29,653.69 | 4.07% |
1988 | $30,877.54 | 4.13% |
1989 | $32,627.90 | 5.67% |
1990 | $34,506.88 | 5.76% |
1991 | $35,736.75 | 3.56% |
1992 | $36,231.11 | 1.38% |
1993 | $36,988.73 | 2.09% |
1994 | $37,848.84 | 2.33% |
1995 | $38,891.83 | 2.76% |
1996 | $40,155.87 | 3.25% |
1997 | $41,208.90 | 2.62% |
1998 | $42,085.09 | 2.13% |
1999 | $42,991.42 | 2.15% |
2000 | $43,984.16 | 2.31% |
2001 | $45,344.66 | 3.09% |
2002 | $46,178.64 | 1.84% |
2003 | $47,165.36 | 2.14% |
2004 | $48,756.96 | 3.37% |
2005 | $49,942.63 | 2.43% |
2006 | $51,114.23 | 2.35% |
2007 | $53,111.67 | 3.91% |
2008 | $55,965.97 | 5.37% |
2009 | $57,017.23 | 1.88% |
2010 | $57,470.44 | 0.79% |
2011 | $59,529.58 | 3.58% |
2012 | $61,045.84 | 2.55% |
2013 | $61,906.90 | 1.41% |
2014 | $63,339.26 | 2.31% |
2015 | $64,477.20 | 1.80% |
2016 | $64,698.84 | 0.34% |
2017 | $65,269.52 | 0.88% |
2018 | $66,186.30 | 1.40% |
2019 | $67,405.45 | 1.84% |
2020 | $69,655.24 | 3.34% |
2021 | $72,317.06 | 3.82% |
2022 | $79,241.54 | 9.58% |
2023 | $83,726.89 | 5.66% |
2024 | $85,363.97 | 1.96%* |
* 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 and beverages:
Year | 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 | 34.985 | 36.254 | 38.062 | 40.131 | 41.369 | 43.077 | 48.800 | 55.515 | 60.200 | 62.062 | 65.762 | 72.185 | 79.915 | 86.754 | 93.500 | 97.308 | 99.477 | 103.215 | 105.623 | 109.069 | 113.508 | 118.192 | 124.892 | 132.085 | 136.792 | 138.685 | 141.585 | 144.877 | 148.869 | 153.708 | 157.738 | 161.092 | 164.562 | 168.362 | 173.569 | 176.762 | 180.538 | 186.631 | 191.169 | 195.654 | 203.300 | 214.225 | 218.249 | 219.984 | 227.866 | 233.670 | 236.966 | 242.449 | 246.804 | 247.653 | 249.837 | 253.346 | 258.013 | 266.625 | 276.814 | 303.319 | 320.488 | 326.754 |