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Cost Comparisons:
How far did the dollar stretch?
Over the century the value of
the dollar has decreased. One dollar meant more to a consumer
in 1927 than it does in 1999. Based on advertisements printed
in The News-Sun, average prices of food and commodities have
increased through a century marked by mass production anc technological
advances.
In 1927 baked ham cost 30 cents per eight- to 12-pound slabs,
averaging each pound at about 3 cents. In 1940 baked ham sold
for 23 cents per pound. In 1960 baked ham was 39 cents per pound
for a shank portion. A whole or butt portion was 49 cents per
pound. A 1980 pound of baked ham cost $1.19. Now a baked ham
costs about $3.59 per pound.
Milk in 1927 was 25 cents for three tall cans, averaging 8 cents
per can. In 1940 six tall cans cost 35 cents, or 6 cents each.
Six tall cans of evaporated milk cost 79 cents in 1960, making
each can about 13 cents each. In 1980 a gallon of milk sold for
$1.69. Today a gallon of milk costs $2.49.
Eggs in 1927 cost 24 cents per dozen. A dozen eggs in 1940 cost
27 cents per dozen. In 1960 a dozen eggs cost 42 cents. In 1980
a dozen eggs cost 69 cents. Today a dozen large eggs costs 89
cents.
A 24-ounce loaf of wrapped split bread sold for 9 cents in 1927.
In 1940 three 1.5-pounds of Ives bread cost 25 cents. In 1960
two 1.25-pound loaves cost 41 cents. Three 16-ounce loaves of
bread cost 89 cents in 1980. Today a single 16-ounce loaf costs
69 cents.
Refrigerators in 1927 cost $195. In 1940 an all-porcelain refrigerator
cost $157.75. A General Electric refrigerator/freezer sold for
$288.88 with trade in 1960. In 1980 a 19.0-cubic-foot frostless
refrigerator was $499.95. Now a 25.2-cubic-foot refrigerator
with an ice crusher and water dispenser costs around $998.99.
New oil filters cost $1 in 1940 and were recommended every 8,000
miles. Now the average oil change and filter costs $19.95 and
is recommended every 3,000 miles.
A 1964 electric adding machine cost $89.50. In 1980 a portable
desktop calculator cost $14.88. Today a computer with a CD-Rom,
color printer, keyboard, 3D sound and monitor averages $1,539.
Mowers were self-propelled in 1927. The Excelsion mower cost
$8.75 in that year. In 1960 a 24-inch riding mower cost $154.95
with trade. Today a 16-horsepower, 46-inch riding mower costs
about $2,799.
In 1927 a dollar sounded more exciting and valuable than it does
today. Today when you walk down the street and see a nickel or
dime, it seems easier just to walk on by than take the effort
to pick it up. In 1927 though, a nickel or dime was enough to
buy a whole pound of baked ham or a tall can of milk. If you
found a couple nickels or dimes, you could have bought dinner
for the whole family.
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