According to the U.S. Bureau of Labor Statistics, prices for food and beverages were 3.13% higher in 2020 versus 2019 (a $0.03 difference in value).
Between 2019 and 2020: Food and beverages experienced an average inflation rate of 3.13% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $1 in the year 2019 would cost $1.03 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.11% during this same period, inflation for food and beverages was higher.
In the year 2019: Pricing changed by 1.84%, which is below the average yearly change for food and beverages during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 $1 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|