According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 93.13% higher in 2024 versus 2000 (a $901,485,142.17 difference in value).
Between 2000 and 2024: Food and beverages experienced an average inflation rate of 2.78% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $968,000,000 in the year 2000 would cost $1,869,485,142.17 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for food and beverages was higher.
In the year 2000: Pricing changed by 2.31%, which is below the average yearly change for food and beverages during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), inflation for food and beverages was lower.
Below are calculations of equivalent buying power for Food and beverages, over time, for $968,000,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $968,000,000.00 | 2.31% |
2001 | $997,941,791.93 | 3.09% |
2002 | $1,016,296,066.16 | 1.84% |
2003 | $1,038,011,605.06 | 2.14% |
2004 | $1,073,039,521.18 | 3.37% |
2005 | $1,099,133,549.60 | 2.43% |
2006 | $1,124,917,987.85 | 2.35% |
2007 | $1,168,877,580.30 | 3.91% |
2008 | $1,231,694,752.14 | 5.37% |
2009 | $1,254,830,867.64 | 1.88% |
2010 | $1,264,804,978.30 | 0.79% |
2011 | $1,310,122,344.77 | 3.58% |
2012 | $1,343,492,184.40 | 2.55% |
2013 | $1,362,442,198.57 | 1.41% |
2014 | $1,393,965,553.98 | 2.31% |
2015 | $1,419,009,187.19 | 1.80% |
2016 | $1,423,887,001.42 | 0.34% |
2017 | $1,436,446,632.25 | 0.88% |
2018 | $1,456,623,065.75 | 1.40% |
2019 | $1,483,453,918.76 | 1.84% |
2020 | $1,532,967,116.55 | 3.34% |
2021 | $1,591,548,210.35 | 3.82% |
2022 | $1,743,941,759.04 | 9.58% |
2023 | $1,842,655,026.27 | 5.66% |
2024 | $1,869,485,142.17 | 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 |