In order to provide the best user experience, we had to abandon support for Internet Explorer versions prior to IE9. Upgrade your browser.

Article 2 (Sept 2021): The impact of inflation

September 29, 2021
Suppose it is 1950. You have $5 in your pocket and you have to buy groceries.
You've got plenty:
 
Gallon of milk: 83 cents
Dozen eggs: 60 cents
Loaf of bread: 30 cents
Chopped beef: 53 cents
Frozen green beans: 24 cents
Apples: 39 cents
Peanut butter: 29 cents
5 lbs. potatoes: 26 cents
3 lbs. hamburger: 89 cents
2 lbs. cabbage: 12 cents
1 lb. bacon: 35 cents
Total: $4.80
              
If you lived in any of 10 states, there wasn't a sales tax, so you could pocket that 20 cents.
              
Today, you aren't going to make much of a dinner with your $5. You can buy bread for $2 and eggs for $1.54. Five pounds of potatoes cost about $3.  Of course, today you should have more than $5 in your pocket, because wages eventually rise with inflation.

« Return To Articles
Quick Contact


Newsletter Signup

Join our email list and we will keep you informed of sales and promotions and other great deals!

Email Subscribe

Request Literature

Request our Electrical Contact, Carbon Brush, or Control Coil catalogs (via Mail).

Request Now
International: 856-762-0172
Domestic: 800-822-9190

Repco Quick Contact

If you do not see what you need, please let us know what it is and we''ll do our best to help you.

First name required.
Last name required.
Company required.
Valid email required.
Phone number required.
If you are looking for a quote, please include model & quantity in your comments!
Comment required.
Send your inquiry now and we will respond promptly.
Interest is in general information for pagename=articles/Article_2__Sept_2021___The_impact_of_inflation.
Please check the recaptcha box.

Site Search

OEM, Product, Repco ID #s or Terms