According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 440.52% higher in 2024 versus 1975 (a $2,079,250,166.11 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 $472,000,000 in the year 1975 would cost $2,551,250,166.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% 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 $472,000,000 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 | $472,000,000.00 | 8.44% |
1976 | $486,595,451.06 | 3.09% |
1977 | $515,605,417.84 | 5.96% |
1978 | $565,965,755.18 | 9.77% |
1979 | $626,579,095.32 | 10.71% |
1980 | $680,196,268.85 | 8.56% |
1981 | $733,089,701.00 | 7.78% |
1982 | $762,944,032.71 | 4.07% |
1983 | $779,951,955.02 | 2.23% |
1984 | $809,263,480.71 | 3.76% |
1985 | $828,141,068.23 | 2.33% |
1986 | $855,160,746.23 | 3.26% |
1987 | $889,960,644.01 | 4.07% |
1988 | $926,690,518.78 | 4.13% |
1989 | $979,222,080.25 | 5.67% |
1990 | $1,035,613,595.71 | 5.76% |
1991 | $1,072,524,405.83 | 3.56% |
1992 | $1,087,361,104.01 | 1.38% |
1993 | $1,110,098,645.54 | 2.09% |
1994 | $1,135,912,087.91 | 2.33% |
1995 | $1,167,213,902.38 | 2.76% |
1996 | $1,205,150,012.78 | 3.25% |
1997 | $1,236,753,386.15 | 2.62% |
1998 | $1,263,049,322.77 | 2.13% |
1999 | $1,290,249,936.11 | 2.15% |
2000 | $1,320,043,956.04 | 2.31% |
2001 | $1,360,875,031.94 | 3.09% |
2002 | $1,385,904,421.16 | 1.84% |
2003 | $1,415,517,505.75 | 2.14% |
2004 | $1,463,284,436.49 | 3.37% |
2005 | $1,498,868,387.43 | 2.43% |
2006 | $1,534,030,155.89 | 2.35% |
2007 | $1,593,977,050.86 | 3.91% |
2008 | $1,679,639,683.11 | 5.37% |
2009 | $1,711,189,982.11 | 1.88% |
2010 | $1,724,791,495.02 | 0.79% |
2011 | $1,786,589,961.67 | 3.58% |
2012 | $1,832,095,803.73 | 2.55% |
2013 | $1,857,937,592.64 | 1.41% |
2014 | $1,900,925,417.84 | 2.31% |
2015 | $1,935,076,963.97 | 1.80% |
2016 | $1,941,728,750.32 | 0.34% |
2017 | $1,958,856,089.96 | 0.88% |
2018 | $1,986,370,324.56 | 1.40% |
2019 | $2,022,959,069.77 | 1.84% |
2020 | $2,090,479,315.10 | 3.34% |
2021 | $2,170,365,284.95 | 3.82% |
2022 | $2,378,181,589.57 | 9.58% |
2023 | $2,512,795,072.83 | 5.66% |
2024 | $2,551,250,166.11 | 1.53%* |
* 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 | 325.392 |