According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 744.33% higher in 2026 versus 1970 (a $178,638,737.54 difference in value).
Between 1970 and 2026:Food and beverages experienced an average inflation rate of 3.88% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $24,000,000 in the year 1970 would cost $202,638,737.54 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.86% during this same period, inflation for food and beverages was higher.
In the year 1970: Pricing changed by 5.45%, which is above the average yearly change for food and beverages during the 1970-2026 time period. Compared to inflation for all items in 1970 (5.84%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $24,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $24,000,000.00 | 5.45% |
| 1971 | $24,737,541.53 | 3.07% |
| 1972 | $25,759,136.21 | 4.13% |
| 1973 | $29,182,724.25 | 13.29% |
| 1974 | $33,199,335.55 | 13.76% |
| 1975 | $36,000,000.00 | 8.44% |
| 1976 | $37,111,295.68 | 3.09% |
| 1977 | $39,323,920.27 | 5.96% |
| 1978 | $43,166,112.96 | 9.77% |
| 1979 | $47,790,697.67 | 10.71% |
| 1980 | $51,882,059.80 | 8.56% |
| 1981 | $55,913,621.26 | 7.77% |
| 1982 | $58,191,029.90 | 4.07% |
| 1983 | $59,486,710.96 | 2.23% |
| 1984 | $61,724,252.49 | 3.76% |
| 1985 | $63,164,451.83 | 2.33% |
| 1986 | $65,222,591.36 | 3.26% |
| 1987 | $67,878,737.54 | 4.07% |
| 1988 | $70,679,401.99 | 4.13% |
| 1989 | $74,686,046.51 | 5.67% |
| 1990 | $78,986,710.96 | 5.76% |
| 1991 | $81,802,325.58 | 3.56% |
| 1992 | $82,933,554.82 | 1.38% |
| 1993 | $84,667,774.09 | 2.09% |
| 1994 | $86,636,212.62 | 2.32% |
| 1995 | $89,023,255.81 | 2.76% |
| 1996 | $91,918,604.65 | 3.25% |
| 1997 | $94,330,564.78 | 2.62% |
| 1998 | $96,333,887.04 | 2.12% |
| 1999 | $98,406,976.74 | 2.15% |
| 2000 | $100,679,401.99 | 2.31% |
| 2001 | $103,794,019.93 | 3.09% |
| 2002 | $105,702,657.81 | 1.84% |
| 2003 | $107,965,116.28 | 2.14% |
| 2004 | $111,607,973.42 | 3.37% |
| 2005 | $114,318,936.88 | 2.43% |
| 2006 | $117,000,000.00 | 2.35% |
| 2007 | $121,574,501.66 | 3.91% |
| 2008 | $128,108,122.92 | 5.37% |
| 2009 | $130,514,501.66 | 1.88% |
| 2010 | $131,551,893.69 | 0.79% |
| 2011 | $136,265,332.23 | 3.58% |
| 2012 | $139,736,112.96 | 2.55% |
| 2013 | $141,707,093.02 | 1.41% |
| 2014 | $144,985,813.95 | 2.31% |
| 2015 | $147,590,631.23 | 1.80% |
| 2016 | $148,097,940.20 | 0.34% |
| 2017 | $149,404,285.71 | 0.88% |
| 2018 | $151,502,840.53 | 1.40% |
| 2019 | $154,293,488.37 | 1.84% |
| 2020 | $159,443,322.26 | 3.34% |
| 2021 | $165,536,312.29 | 3.82% |
| 2022 | $181,386,727.57 | 9.58% |
| 2023 | $191,653,853.82 | 5.66% |
| 2024 | $195,942,408.64 | 2.24% |
| 2025 | $201,227,061.31 | 2.70% |
| 2026 | $202,638,737.54 | 0.70%* |
* 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 | 2025 | 2026 |
| CPI | 34.983 | 36.258 | 38.058 | 40.133 | 41.367 | 43.075 | 48.800 | 55.517 | 60.200 | 62.058 | 65.758 | 72.183 | 79.917 | 86.758 | 93.500 | 97.308 | 99.475 | 103.217 | 105.625 | 109.067 | 113.508 | 118.192 | 124.892 | 132.083 | 136.792 | 138.683 | 141.583 | 144.875 | 148.867 | 153.708 | 157.742 | 161.092 | 164.558 | 168.358 | 173.567 | 176.758 | 180.542 | 186.633 | 191.167 | 195.650 | 203.300 | 214.225 | 218.249 | 219.984 | 227.866 | 233.670 | 236.966 | 242.448 | 246.804 | 247.653 | 249.837 | 253.346 | 258.013 | 266.625 | 276.814 | 303.319 | 320.488 | 327.659 | 336.496 | 338.857 |