As a historic trend, prices on various goods including food and other items have risen steadily throughout history. For example, in January 1913, potatoes cost two cents a pound, eggs cost about 37 cents a dozen and pork chops cost about 19 cents per dozen; as of January 2013, these items cost about 63 cents, $1.93 and $3.47, respectively, states BLS.gov. Other food items reflect dramatic price differences, such as coffee, which was about 30 cents a pound in 1913 versus almost $6 in 2013.Continue Reading
Prices for items other than food have also risen steadily. For example, the median price for a new home in the United States in 1963 was $17,200; that price rose to more than $212,000 as of 2012, states BusinessInsider.com.
Entertainment is also much more expensive than it once was. Movie tickets in 1962 were just 50 cents, but that price climbed up past $10 by 2012. Even relatively inexpensive items such as fast-food hamburgers have risen in price. McDonalds charged 15 cents for a hamburger in 1955, but as of 2015 even a basic McDonald's burger usually costs at least $1. The dollar in particular has lost a lot of value over the years, falling nearly 90 percent during the 20th century, according to BusinessInsider.com.Learn more about Industries