According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 7.82% higher in 2020 versus 2015 (a $93,784.46 difference in value).
Between 2015 and 2020: Food and beverages experienced an average inflation rate of 1.52% per year. In other words, food and beverages costing $1,200,000 in the year 2015 would cost $1,293,784.46 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.75% during this same period, inflation for food and beverages was lower.
In the year 2015: Pricing changed by 1.80%, which is above the average yearly change for food and beverages during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for food and beverages was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food and beverages:
Below are calculations of equivalent buying power for Food and beverages, over time, for $1200000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|