According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 833.99% higher in 2024 versus 1967 (a $33,359.76 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 $4,000 in the year 1967 would cost $37,359.76 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 $4,000 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 | $4,000.00 | - |
| 1968 | $4,145.12 | 3.63% |
| 1969 | $4,351.80 | 4.99% |
| 1970 | $4,588.39 | 5.44% |
| 1971 | $4,729.99 | 3.09% |
| 1972 | $4,925.24 | 4.13% |
| 1973 | $5,579.60 | 13.29% |
| 1974 | $6,347.41 | 13.76% |
| 1975 | $6,883.03 | 8.44% |
| 1976 | $7,095.87 | 3.09% |
| 1977 | $7,518.91 | 5.96% |
| 1978 | $8,253.30 | 9.77% |
| 1979 | $9,137.20 | 10.71% |
| 1980 | $9,919.09 | 8.56% |
| 1981 | $10,690.41 | 7.78% |
| 1982 | $11,125.77 | 4.07% |
| 1983 | $11,373.79 | 2.23% |
| 1984 | $11,801.23 | 3.76% |
| 1985 | $12,076.52 | 2.33% |
| 1986 | $12,470.54 | 3.26% |
| 1987 | $12,978.01 | 4.07% |
| 1988 | $13,513.63 | 4.13% |
| 1989 | $14,279.68 | 5.67% |
| 1990 | $15,102.02 | 5.76% |
| 1991 | $15,640.28 | 3.56% |
| 1992 | $15,856.64 | 1.38% |
| 1993 | $16,188.21 | 2.09% |
| 1994 | $16,564.64 | 2.33% |
| 1995 | $17,021.11 | 2.76% |
| 1996 | $17,574.32 | 3.25% |
| 1997 | $18,035.18 | 2.62% |
| 1998 | $18,418.65 | 2.13% |
| 1999 | $18,815.30 | 2.15% |
| 2000 | $19,249.78 | 2.31% |
| 2001 | $19,845.21 | 3.09% |
| 2002 | $20,210.20 | 1.84% |
| 2003 | $20,642.04 | 2.14% |
| 2004 | $21,338.61 | 3.37% |
| 2005 | $21,857.52 | 2.43% |
| 2006 | $22,370.27 | 2.35% |
| 2007 | $23,244.46 | 3.91% |
| 2008 | $24,493.65 | 5.37% |
| 2009 | $24,953.74 | 1.88% |
| 2010 | $25,152.08 | 0.79% |
| 2011 | $26,053.27 | 3.58% |
| 2012 | $26,716.87 | 2.55% |
| 2013 | $27,093.71 | 1.41% |
| 2014 | $27,720.59 | 2.31% |
| 2015 | $28,218.61 | 1.80% |
| 2016 | $28,315.61 | 0.34% |
| 2017 | $28,565.37 | 0.88% |
| 2018 | $28,966.61 | 1.40% |
| 2019 | $29,500.17 | 1.84% |
| 2020 | $30,484.79 | 3.34% |
| 2021 | $31,649.74 | 3.82% |
| 2022 | $34,680.26 | 9.58% |
| 2023 | $36,643.29 | 5.66% |
| 2024 | $37,359.76 | 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 |