Wednesday, August 24, 2011

Real Inflation

The title is just to start the engines of Struppster.

But there's something to it.  Herb Armstrong describes a $5.00 grocery purchase in the Good Old Days:

Mr. Armstrong quoted the Labor Department’s figures for how much $5 would have purchased in 1913: 15 pounds of potatoes, 10 pounds of flour, 5 pounds of sugar, 5 pounds of chuck roast, 3 pounds of round steak, 3 pounds of rice, 2 pounds each of cheese and bacon, and a pound each of butter and coffee; that money would also get you two loaves of bread, 4 quarts of milk and a dozen eggs. “This would leave you with 2 cents for candy,” he wrote.

Prolly a big chunk of candy!

HT:  RenMan


Anonymous said...

1913 ?

1913: America's Worst Year - Introduction
The root of all America's problems.

Thee evils of 1913

1. The Constitution was amended to permit the
federal government to levy an income tax

2. The Constitution was amended so that senators were elected by the citizens of each state rather than being appointed by the state legislatures

3. The Federal Reserve Bank was introduced.

Dad29 said...

Just co-incidental, that inflation since....or not?

J. Strupp said...

If youre telling me that we have experienced inflation in the last 100 years then I'm with you.

Might want to remember that there had been some pretty hefty wage inflation since then too.

Dad29 said...

None that I've noticed....heh.

J. Strupp said...

Never? Even for an old fart like yourself?