According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 744.33% higher in 2026 versus 1970 (a $6,175,690,022.43 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 $829,700,000 in the year 1970 would cost $7,005,390,022.43 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 $829,700,000 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 | $829,700,000.00 | 5.45% |
| 1971 | $855,197,425.25 | 3.07% |
| 1972 | $890,514,804.82 | 4.13% |
| 1973 | $1,008,871,096.35 | 13.29% |
| 1974 | $1,147,728,696.01 | 13.76% |
| 1975 | $1,244,550,000.00 | 8.44% |
| 1976 | $1,282,968,417.77 | 3.09% |
| 1977 | $1,359,460,693.52 | 5.96% |
| 1978 | $1,492,288,496.68 | 9.77% |
| 1979 | $1,652,164,244.19 | 10.71% |
| 1980 | $1,793,606,042.36 | 8.56% |
| 1981 | $1,932,980,481.73 | 7.77% |
| 1982 | $2,011,712,396.18 | 4.07% |
| 1983 | $2,056,505,170.27 | 2.23% |
| 1984 | $2,133,858,845.51 | 3.76% |
| 1985 | $2,183,647,736.71 | 2.33% |
| 1986 | $2,254,799,335.55 | 3.26% |
| 1987 | $2,346,624,522.43 | 4.07% |
| 1988 | $2,443,445,826.41 | 4.13% |
| 1989 | $2,581,958,866.28 | 5.67% |
| 1990 | $2,730,636,420.27 | 5.76% |
| 1991 | $2,827,974,563.95 | 3.56% |
| 1992 | $2,867,082,101.33 | 1.38% |
| 1993 | $2,927,035,506.64 | 2.09% |
| 1994 | $2,995,086,067.28 | 2.32% |
| 1995 | $3,077,608,139.53 | 2.76% |
| 1996 | $3,177,702,761.63 | 3.25% |
| 1997 | $3,261,086,233.39 | 2.62% |
| 1998 | $3,330,342,753.32 | 2.12% |
| 1999 | $3,402,011,191.86 | 2.15% |
| 2000 | $3,480,570,826.41 | 2.31% |
| 2001 | $3,588,245,764.12 | 3.09% |
| 2002 | $3,654,228,965.95 | 1.84% |
| 2003 | $3,732,444,040.70 | 2.14% |
| 2004 | $3,858,380,647.84 | 3.37% |
| 2005 | $3,952,100,913.62 | 2.43% |
| 2006 | $4,044,787,500.00 | 2.35% |
| 2007 | $4,202,931,834.51 | 3.91% |
| 2008 | $4,428,804,566.24 | 5.37% |
| 2009 | $4,511,995,084.51 | 1.88% |
| 2010 | $4,547,858,591.36 | 0.79% |
| 2011 | $4,710,806,089.49 | 3.58% |
| 2012 | $4,830,793,871.68 | 2.55% |
| 2013 | $4,898,932,295.06 | 1.41% |
| 2014 | $5,012,280,409.88 | 2.31% |
| 2015 | $5,102,331,113.79 | 1.80% |
| 2016 | $5,119,869,207.64 | 0.34% |
| 2017 | $5,165,030,660.71 | 0.88% |
| 2018 | $5,237,579,449.54 | 1.40% |
| 2019 | $5,334,054,470.93 | 1.84% |
| 2020 | $5,512,088,519.93 | 3.34% |
| 2021 | $5,722,728,262.87 | 3.82% |
| 2022 | $6,270,690,327.87 | 9.58% |
| 2023 | $6,625,633,438.12 | 5.66% |
| 2024 | $6,773,892,351.95 | 2.24% |
| 2025 | $6,956,587,198.73 | 2.70% |
| 2026 | $7,005,390,022.43 | 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 |