According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 440.12% higher in 2024 versus 1975 (a $140,839,512.74 difference in value).
Between 1975 and 2024: Food and beverages experienced an average inflation rate of 3.50% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $32,000,000 in the year 1975 would cost $172,839,512.74 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.64% during this same period, inflation for food and beverages was lower.
In the year 1975: Pricing changed by 8.44%, which is significantly above the average yearly change for food and beverages during the 1975-2024 time period. Compared to inflation for all items in 1975 (9.14%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $32,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1975 | $32,000,000.00 | 8.44% |
1976 | $32,989,522.11 | 3.09% |
1977 | $34,956,299.51 | 5.96% |
1978 | $38,370,559.67 | 9.77% |
1979 | $42,479,938.67 | 10.71% |
1980 | $46,115,001.28 | 8.56% |
1981 | $49,700,996.68 | 7.78% |
1982 | $51,725,019.17 | 4.07% |
1983 | $52,878,098.65 | 2.23% |
1984 | $54,865,320.73 | 3.76% |
1985 | $56,145,157.17 | 2.33% |
1986 | $57,976,999.74 | 3.26% |
1987 | $60,336,314.85 | 4.07% |
1988 | $62,826,475.85 | 4.13% |
1989 | $66,387,937.64 | 5.67% |
1990 | $70,211,091.23 | 5.76% |
1991 | $72,713,519.04 | 3.56% |
1992 | $73,719,396.88 | 1.38% |
1993 | $75,260,925.12 | 2.09% |
1994 | $77,010,989.01 | 2.33% |
1995 | $79,133,145.92 | 2.76% |
1996 | $81,705,085.61 | 3.25% |
1997 | $83,847,687.20 | 2.62% |
1998 | $85,630,462.56 | 2.13% |
1999 | $87,474,571.94 | 2.15% |
2000 | $89,494,505.49 | 2.31% |
2001 | $92,262,714.03 | 3.09% |
2002 | $93,959,621.77 | 1.84% |
2003 | $95,967,288.53 | 2.14% |
2004 | $99,205,724.51 | 3.37% |
2005 | $101,618,195.76 | 2.43% |
2006 | $104,002,044.47 | 2.35% |
2007 | $108,066,240.74 | 3.91% |
2008 | $113,873,876.82 | 5.37% |
2009 | $116,012,880.14 | 1.88% |
2010 | $116,935,016.61 | 0.79% |
2011 | $121,124,743.16 | 3.58% |
2012 | $124,209,885.00 | 2.55% |
2013 | $125,961,870.69 | 1.41% |
2014 | $128,876,299.51 | 2.31% |
2015 | $131,191,658.57 | 1.80% |
2016 | $131,642,627.14 | 0.34% |
2017 | $132,803,802.71 | 0.88% |
2018 | $134,669,174.55 | 1.40% |
2019 | $137,149,767.44 | 1.84% |
2020 | $141,727,411.19 | 3.34% |
2021 | $147,143,409.15 | 3.82% |
2022 | $161,232,650.14 | 9.58% |
2023 | $170,358,987.99 | 5.66% |
2024 | $172,839,512.74 | 1.46%* |
* 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 | 325.154 |