The economy continued to grow at a modest pace. Adding to the employment crisis was the rise in people who had exhausted their unemployment benefitsup more than 2.3 million from the previous year. - Fresh grocery milk (1 gallon): $3.57 ($4.13 in todays dollars). But the consumer price index (CPI) was rising quicker than it had the rest of the decade, going from 35.6 in January 1969 to 37.7 in December 1969. By June, the economy had begun to grow again, but unemployment for the year remained high at 19%. - Potatoes (10 pounds): $0.19 ($3.61 in todays dollars) President Kennedy continued to lobby for personal and corporate tax cuts that would invigorate the economy, making economic growth his top priority. - Fresh eggs (1 dozen): $0.57 ($4.96 in todays dollars) - Fresh eggs (1 dozen): $0.78 ($4.57 in todays dollars) - Round steak (1 pound): $2.77 ($8.75 in todays dollars) - Sliced bacon (1 pound): $3.66 ($4.42 in todays dollars) - Potatoes (1 pound): $0.37 ($0.65 in todays dollars) Income also ticked upward, with the median family income increasing to $23,260. The stock market was depressed and interest rates rose. [1] Prices are in pounds, shillings and pence. You may also like: 100 lowest-paying jobs in America, - Fresh eggs (1 dozen): $0.57 ($5.01 in todays dollars) - White bread (1 pound): $1.00 ($1.41 in todays dollars) The economic benefits of the cut would be felt in years to come, with the Dow Jones industrial average nearly doubling between 1962 and 1966, the federal budget deficit shrinking, and GDP increasing. Gross domestic product (GDP) fell 1.7%. - Round steak (1 pound): $4.79 ($5.43 in todays dollars) However, consumer confidence remained strong, with Americans spending 2.4% more than they did in 2015, doling out a significant amount of more money on health care, and personal insurance and pensions. The countries traded skis, whiskey, fur and computers, among other goods. - Sliced bacon (1 pound): $0.41 ($7.41 in todays dollars) To that end, most Stacker stories are freely available to - Fresh eggs (1 dozen): $1.74 ($1.80 in todays dollars) 2 In 1940, bread cost an average of $0.08 per pound. It may have cost rod. - White bread (1 pound): $0.28 ($1.64 in todays dollars) You may also like: Best places to retire in the Midwest, - Fresh eggs (1 dozen): $0.80 ($1.94 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.39 ($2.50 in todays dollars). - Fresh eggs (1 dozen): $0.40 ($7.08 in todays dollars) Americans were also more financially secure, with only 28% of respondents to a McKinsey U.S. Consumer Sentiment Survey saying they lived paycheck to paycheck, down from 40% the year prior. WebThe cost of buying a house on a mortgage was 6% in 1961. That led to a banking crisis as borrowers defaulted on their loans, subsequently causing the huge financial institutions to collapse and take the stock market with them. Heres a snapshot of life and pop culture in 1963. and found some prices as follows (from the ads): In a poll, Americans also said they and their families were enjoying good times, with the majority of them working less and spending more time at home. research shows that in the UK we actually spend less on food than previous generations did, and many popular foods are cheaper now than they were 30 years ago . You may also like: Best value big colleges in America, - Fresh eggs (1 dozen): $0.77 ($3.73 in todays dollars) - Sliced bacon (1 pound): $0.41 ($7.79 in todays dollars) You may also like: Can you guess the company these real 'Jeopardy!' Consumer spending grew and unemployment went down to 5.3%. In A guinea is one pound and one shilling or 1.05. Real interest rates and oil prices also decreased, giving way to a strong post-recession recovery, aided largely by the tax cuts from the previous year. Stacker believes in making the worlds data more accessible through - White bread (1 pound): $1.33 ($1.41 in todays dollars) The workforce grew by 1.6 million people in 1967, with more than 66% of these additional workers being women. While the economy was growing stronger, the year was marked by a jobless recovery, which included a 6% unemployment rate. - Fresh eggs (1 dozen): $0.96 ($1.50 in todays dollars) - White bread (1 pound): $1.30 ($1.32 in todays dollars) - White bread (1 pound): $0.08 ($1.50 in todays dollars) With more money in hand thanks to the President George W. Bushs tax cut package, consumers began spending, helping to recharge the economy. - Fresh eggs (1 dozen): $0.59 ($7.88 in todays dollars) DATE: 1946 AUTHORS: - Potatoes (10 pounds): $0.63 ($5.43 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.37 ($2.62 in todays dollars). - Potatoes (1 pound): $0.30 ($0.56 in todays dollars) Minimum wage also increased by 10 cents to $1.25 per hour. - Sliced bacon (1 pound): $3.24 ($4.69 in todays dollars) - Sliced bacon (1 pound): $0.66 ($6.41 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.42 ($2.83 in todays dollars). - Round steak (1 pound): $1.10 ($8.57 in todays dollars) - Round steak (1 pound): $3.40 ($6.12 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.27 ($4.78 in todays dollars). Consumers were also benefiting from tax cuts implemented the previous year, with the federal budget deficit continuing to shrink and the GDP growing to 6.5%. 4 In 1940, eggs cost an average of $0.33 per dozen. After the war, - Potatoes (10 pounds): $1.37 ($8.03 in todays dollars) - Potatoes (10 pounds): $0.93 ($5.79 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($6.82 in todays dollars) - Sliced bacon (1 pound): $0.67 ($6.71 in todays dollars) Increased investment led to strong personal income growth with tax cuts also giving Americans more spending money. With millions of Americans out of work, underemployed, or laid off, the road to economic recovery will be a long one. Consumer spending made up 70.5% of the total GDP. - Sliced bacon (1 pound): $1.94 ($5.07 in todays dollars) Mainly for this reason, estimates of total dead in World War II vary anywhere from 35,000,000 to 60,000,000a statistical difference of no small import. - Fresh grocery milk (1/2 gallon): $0.83 ($3.80 in todays dollars). - White bread (1 pound): $0.09 ($1.33 in todays dollars) During this year, President George H.W. - Potatoes (10 pounds): $0.32 ($5.99 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.51 ($4.56 in todays dollars). - White bread (1 pound): $1.21 ($1.52 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.61 ($4.56 in todays dollars). The legislation would go on to create 9.3 million jobs. While the average median income of families rose 6%, an 11% rise in prices meant they had less purchasing power than in years past. - White bread (1 pound): $0.51 ($1.61 in todays dollars) What was the cost of living in 1948? In the midst of a recession, 2008 saw unemployment at 5.8% and American families taking in $61,932, less than they did in 2007. - Fresh eggs (1 dozen): $0.93 ($1.37 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.50 ($4.63 in todays dollars). - Potatoes (1 pound): $0.53 ($0.68 in todays dollars) - White bread (1 pound): $1.00 ($1.47 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.52 ($4.48 in todays dollars). - Fresh eggs (1 dozen): $0.60 ($5.74 in todays dollars) - Fresh eggs (1 dozen): $2.02 ($2.22 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.73 in todays dollars). - Potatoes (10 pounds): $0.47 ($6.27 in todays dollars) The new decade saw a slow economy give way to a mild recession, caused by rising interest rates meant to keep inflation under control and global oil prices more than doubling after the Iraq invasion of Kuwait. The subprime mortgage crisis had a domino effect on the economy. The economy grew at a rate of over 5%. I bought my first car,a 1947 Standard - Fresh delivered milk (1/2 gallon): $0.51 ($4.59 in todays dollars). - Potatoes (10 pounds): $1.40 ($5.59 in todays dollars) The minimum wage was raised 50 cents to $4.75. - White bread (1 pound): $0.08 ($1.55 in todays dollars) - Sliced bacon (1 pound): $0.32 ($5.99 in todays dollars) - White bread (1 pound): $0.89 ($1.39 in todays dollars) Making matters worse was an Asian flu pandemic, which not only killed 116,000 Americans, but also triggered a $4 billion loss in exports between August 1957 to April 1958. - Fresh grocery milk (1/2 gallon): $1.05 ($3.32 in todays dollars). - Potatoes (10 pounds): $0.82 ($5.82 in todays dollars) - Sliced bacon (1 pound): $2.22 ($4.24 in todays dollars) - Sliced bacon (1 pound): $4.11 ($4.91 in todays dollars) However, they saw some relief in the form of a tax cut, proposed by President Gerald Ford and approved by Congress in March. - Sliced bacon (1 pound): $1.99 ($3.49 in todays dollars) - Fresh eggs (1 dozen): $0.91 ($1.64 in todays dollars) - White bread (1 pound): $0.35 ($1.85 in todays dollars) For example, the average cost of a house in Wales in 1917 In the 1950s we spent a third of our income on food shopping, but in 1974 this had gone down to 24%. - Potatoes (1 pound): $0.68 ($0.74 in todays dollars) - Fresh eggs (1 dozen): $0.67 ($6.58 in todays dollars) - White bread (1 pound): $0.55 ($1.33 in todays dollars) Minimum wage also increased this year to $1.40 per hour. - Fresh eggs (1 dozen): $0.82 ($3.52 in todays dollars) - Sliced bacon (1 pound): $0.37 ($6.83 in todays dollars) For individuals, the median income was $2,600, a 5% increase from the previous year. - Round steak (1 pound): $6.15 ($6.75 in todays dollars) The price of goods also increased 1.5%. - Round steak (1 pound): $0.35 ($6.46 in todays dollars) The country entered a recession in December. - Round steak (1 pound): $0.36 ($6.69 in todays dollars) The unemployment rate fell to 3.9%, notably the lowest level in a generation. Inflation also hovered around 4% throughout the year. - Fresh grocery milk (1 gallon): $3.69 ($4.06 in todays dollars). - White bread (1 pound): $0.25 ($1.56 in todays dollars) - Round steak (1 pound): $0.76 ($8.87 in todays dollars) Before the coronavirus pandemic hit, did you just head to the movies or the bar? In 1965, the nations automobile industry reached its peak, with companies like Chevrolet, Ford, and Pontiac producing more than 11 million new cars, trucks, and buses. - Fresh delivered milk (1/2 gallon): $0.46 ($4.60 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.13 ($2.83 in todays dollars). Inflation-adjusted prices are also included, to see how prices really compare to today. - Fresh eggs (1 dozen): $0.32 ($5.99 in todays dollars) The plan not only encouraged European countries to work together, but it bolstered the American economy, with goods being purchased from the United States and shipped on American merchant vehicles. and more. - Potatoes (10 pounds): $0.76 ($6.38 in todays dollars) Americans were on the move and car sales were there to prove it. The price of oil per barrel doubled, then quadrupled, causing severe gas shortages as well as an increase in food prices. - Potatoes (1 pound): $0.39 ($0.57 in todays dollars) - Round steak (1 pound): $0.94 ($8.71 in todays dollars) - Round steak (1 pound): $0.30 ($5.70 in todays dollars) At the presidents request, Congress approved $3.75 billion in federal spending to jump-start the economy in April. Some shops priced more expensive items in guineas. - White bread (1 pound): $0.09 ($1.35 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.58 ($2.56 in todays dollars). In an effort to protect American businesses and farmers, President Herbert Hoover signed the Smoot-Hawley Tariff Act, which raised taxes on imports. Individuals saw their income taxes increase by 10%. - Potatoes (1 pound): $0.25 ($0.59 in todays dollars) All indicators continued to show a healthy, growing economy, with unemployment at 4.9% and inflation at around 3%. Stacker distribution partners receive a license to all Stacker stories, Among the biggest areas of spending increase were alcoholic beverages, tobacco products, and smoking supplies, which could be in part due to the number of electronic products that were introduced in the marketplace. - Potatoes (10 pounds): $0.86 ($13.40 in todays dollars) - Fresh eggs (1 dozen): $1.00 ($2.51 in todays dollars) Strong economic growth, stable prices for goods and services, and record-low unemployment at 4.2% made the U.S. economy look like an Energizer Bunny on steroids, according to CNN Money. - Fresh eggs (1 dozen): $1.47 ($1.56 in todays dollars) - Round steak (1 pound): $1.89 ($9.14 in todays dollars) WebBlack barbers earned a median $1,678 in 1949 White men earned $2,678 Non-white men earned $1,715 White women earned $1,710 Non-white women earned $928 Income BY [emailprotected]. Personal bankruptcy rates also reached record highs by 2001, in part due to the rising cost of college. The economy had recovered from the recession and Americans entered into a new era of economic growth. - Fresh delivered milk (1/2 gallon): $0.26 ($4.45 in todays dollars). - Sliced bacon (1 pound): $0.34 ($6.02 in todays dollars) Inflation was also still high, at 7.6%. Despite gains in spending and output, the job market remained weak, with sluggish job creation and hiring. - White bread (1 pound): $0.16 ($1.57 in todays dollars) President Hoovers attempts to help the millions in need came a little too late however, as he lost to Democratic challenger Franklin Delano Roosevelt in the November elections. - White bread (1 pound): $0.35 ($1.60 in todays dollars) - Potatoes (1 pound): $0.36 ($0.58 in todays dollars) - Round steak (1 pound): $1.27 ($9.01 in todays dollars) - Potatoes (1 pound): $0.33 ($0.63 in todays dollars) You may also like: Jobs that might not exist in 50 years, - Fresh eggs (1 dozen): $0.45 ($7.01 in todays dollars) After three years, an armistice signaled the end of the Korean War. - White bread (1 pound): $1.08 ($1.39 in todays dollars) And for the 80% of men in the workforce who had full-time jobs, that median average was even higher, at $3,900. - Fresh eggs (1 dozen): $0.57 ($8.58 in todays dollars) Consumer confidence was also strong and federal discretionary spending as part of the GDP hit a 30-year low. - Potatoes (10 pounds): $0.75 ($6.03 in todays dollars) Published: Wednesday 20 March 1940 Newspaper: The Scotsman County: Midlothian, Scotland - Round steak (1 pound): $3.13 ($4.89 in todays dollars) As unemployment continued to shrink, coming down to 16.9%, FDR was elected to a second term as president. How much did bread cost in the 1940s? - Fresh grocery milk (1 gallon): $3.28. - Fresh delivered milk (1/2 gallon): $0.57 ($4.44 in todays dollars). - Potatoes (10 pounds): $0.25 ($4.68 in todays dollars) - Potatoes (1 pound): $0.34 ($0.71 in todays dollars) - Sliced bacon (1 pound): $0.57 ($5.45 in todays dollars) Employment continued to grow, with 2 million adults1.4 million of which were womenjoining the workforce. In 2012, consumer spending slowly expanded, with unemployment hovering at around 8%. - Sliced bacon (1 pound): $0.43 ($6.47 in todays dollars) - Potatoes (10 pounds): $0.63 ($5.48 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.31 ($4.58 in todays dollars). - Sliced bacon (1 pound): $2.54 ($4.06 in todays dollars) - Sliced bacon (1 pound): $0.96 ($5.98 in todays dollars) Can you live on minimum wage in your state? - Fresh delivered milk (1/2 gallon): $0.48 ($4.71 in todays dollars). - Sliced bacon (1 pound): $0.95 ($6.37 in todays dollars) Bush, Bill Clinton and Ross Perot vied for the electorates votes. - Round steak (1 pound): $5.83 ($5.94 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.56 ($4.50 in todays dollars). Under FDRs New Deal, Congress also put together several other programs intended to bolster the economy and create jobs, such as the Tennessee Valley Authority and the Civil Works Administration. Housing, transportation and food were among the top items consumers were buying. - Sliced bacon (1 pound): $2.14 ($4.90 in todays dollars) - Round steak (1 pound): $1.76 ($7.56 in todays dollars) The cost of goods has risen by almost 9,000 per cent in the past hundred years thanks to inflation, new research reveals. - Fresh grocery milk (1/2 gallon): $1.16 ($2.55 in todays dollars). - Potatoes (10 pounds): $0.46 ($6.92 in todays dollars) With the election over, Americans experienced a strong economy, with consumer confidence at its highest since 2000. - Fresh grocery milk (1 gallon): $3.80 ($4.59 in todays dollars). 852. After a difficult start to the year, consumer spending began increasing again in May with Americans continuing to spend on cars, clothing, and recreation through September. - Sliced bacon (1 pound): $0.43 ($6.70 in todays dollars) - Potatoes (1 pound): $0.67 ($0.74 in todays dollars) - Fresh eggs (1 dozen): $0.87 ($2.07 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.44 ($4.75 in todays dollars). Administration: private business, 545; costs, 546; demand, 547; foreign - Round steak (1 pound): $0.43 ($6.70 in todays dollars) Unemployment was also at the lowest it had been in 17 years. - Round steak (1 pound): $0.52 ($6.94 in todays dollars) - Round steak (1 pound): $2.95 ($7.96 in todays dollars) The unemployment rate was 5.3%the lowest it had been since 1974and consumers were also spending more, with real final sales growing 4% throughout the year. - Potatoes (10 pounds): $0.72 ($6.33 in todays dollars) - White bread (1 pound): $0.23 ($1.63 in todays dollars) Publications that use this data. Over the course of the next 10 months, the GDP dropped by nearly 2% and unemployment rose to 6.9%. With 10 million Americans unemployed, a record $290 billion deficit and sluggish job creation, voters were looking for a president who could revive the economy. - Potatoes (1 pound): $0.24 ($0.60 in todays dollars) - Round steak (1 pound): $3.12 ($5.18 in todays dollars) - Black Cat cigarettes, 10 for 6d (2p).- Reckitt's Bath Cubes, 2d (1p) each. - Potatoes (10 pounds): $0.65 ($5.53 in todays dollars) Some shops priced more expensive items in guineas. This was in large part due to rising technology, which was not only making consumers lives easier but making business more efficient. - White bread (1 pound): $0.21 ($1.83 in todays dollars) distribution partner, email us at - White bread (1 pound): $0.36 ($1.74 in todays dollars) - Sliced bacon (1 pound): $4.56 ($5.17 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.27 ($2.67 in todays dollars). However, Americans did save money on food, with more individuals opting to eat at home due to the high cost of dining out and a desire to eat healthier, as well as the availability of entertainment courtesy of streaming services. Meanwhile, the private-sector economy flourished, with private investments rising 156%. Credit cards also began to grow in popularity, with American Express launching an all-purpose credit card that could be used at stores, restaurants, hotels, and gas stations. - Potatoes (1 pound): $0.21 ($0.57 in todays dollars) - Sliced bacon (1 pound): $2.05 ($5.53 in todays dollars) - Sliced bacon (1 pound): $3.39 ($4.52 in todays dollars) - Sliced bacon (1 pound): $0.53 ($7.07 in todays dollars) - Round steak (1 pound): $0.41 ($5.93 in todays dollars) - Round steak (1 pound): $0.39 ($7.05 in todays dollars) - Round steak (1 pound): $1.06 ($9.02 in todays dollars) - Round steak (1 pound): $1.11 ($8.92 in todays dollars) The economy did better than expected, with inflation below 1.5% and unemployment averaging at around 5.8%. - Fresh delivered milk (1/2 gallon): $0.52 ($4.57 in todays dollars). With the war efforts in full-swing, President Roosevelt created the Office of War Mobilization to coordinate the countrys war agencies, including manpower and mobilization. RATIONING & SHORTAGES. Increasing Soviet-U.S. tensions led to the Truman Doctrine of March 12, 1947, which formalized Americas intent to contain the expansion of Soviet communism and committed the country to the assistance ofdemocratic nations threatened by authoritativeforces. Coming off a stock market crash the previous year, the nation was plagued by economic peril. - Sliced bacon (1 pound): $2.55 ($3.98 in todays dollars) By 2005, the average American home possessed 19.3 bank cards that they used for banking, borrowing and shopping. The country was in a recession by the end of the year. - Fresh eggs (1 dozen): $1.84 ($2.09 in todays dollars) President Dwight D. Eisenhower signed legislation to construct an interstate highway system in 1956, leading to the creation of thousands of construction jobs as well as an increase in the number of roadside businesses. - Sliced bacon (1 pound): $0.79 ($7.11 in todays dollars) - White bread (1 pound): $0.69 ($1.37 in todays dollars) Economic uncertainty among businesses and CEOs grew as the tumultuous presidential race between Hillary Clinton and Donald Trump tightened. - White bread (1 pound): $1.41 ($1.58 in todays dollars) Recession recovery continued, with the rate of layoffs decreasing. restrictions, which you can review below. - Round steak (1 pound): $1.07 ($9.57 in todays dollars) - Sliced bacon (1 pound): $0.78 ($9.10 in todays dollars) In an attempt to prevent hoarding, the Office of Price Administration set price limits and food rations. - White bread (1 pound): $0.22 ($1.77 in todays dollars) - Sliced bacon (1 pound): $5.45 ($5.98 in todays dollars) - Sliced bacon (1 pound): $0.79 ($7.70 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.14 ($2.61 in todays dollars). The economy continued to grow, with annual GDP growing 2.5% and inflation at 3.93%. For as long as moneys been made, Americans have had to make choices on how to spend their hard-earned dollars. Adding to the instability was the revelation by the federal government of a widening trade deficit, leading to the dollar falling in value. - Sliced bacon (1 pound): $0.41 ($7.68 in todays dollars) Consumer confidence and spending continued to trend upward, as did debt levels meant to support spending activities. The GOP also approved sweeping tax reform, decreasing the corporate tax rate to 21% and eliminating the Affordable Care Acts individual mandate provisions. Others, having to decide between transportation or housing seemed a bit more dire as the economy suffered and prices soared. - Round steak (1 pound): $1.48 ($9.22 in todays dollars) - II. - Fresh delivered milk (1/2 gallon): $0.24 ($4.49 in todays dollars). - Round steak (1 pound): $1.36 ($8.74 in todays dollars) - White bread (1 pound): $0.61 ($1.34 in todays dollars) - White bread (1 pound): $0.08 ($1.49 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.41 ($4.43 in todays dollars). With the implementation of the North American Free Trade Agreement, exports grew. - Sliced bacon (1 pound): $0.39 ($6.23 in todays dollars) - Fresh eggs (1 dozen): $0.87 ($2.35 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.12 ($3.02 in todays dollars). You may also like: Best value colleges in every state, - Fresh eggs (1 dozen): $1.01 ($2.01 in todays dollars) - Sliced bacon (1 pound): $1.67 ($4.78 in todays dollars) Compares the years 1914-23 with 1939-44. Economic growth was sluggish, coming in at just 2.5% because of a soaring trade deficit. - White bread (1 pound): $0.36 ($1.55 in todays dollars) - Sliced bacon (1 pound): $1.92 ($3.56 in todays dollars) - Fresh grocery milk (1 gallon): $3.20 ($3.47 in todays dollars). The average family income was $3,700 in 1951$400 higher than the previous year. In an attempt to tackle the federal deficit, Congress passed the Omnibus Budget Reconciliation Act, which increased taxes and aimed to reduce spending by $225 billion over five years. The legislation cut payroll taxes in half, providing businesses tax credits for hiring veterans and long-term unemployed workers, and made it easier for entrepreneurs and small businesses to get funding. - Round steak (1 pound): $2.77 ($6.58 in todays dollars) - White bread (1 pound): $1.43 - Round steak (1 pound): $0.34 ($6.37 in todays dollars) WebCost of Living 1941 Average Cost of new house $4,075.00 Average wages per year $1,750.00 Average Monthly Rent $32.00 per month Cost of a gallon of Gas 12 cents And though prices increased 6% from the year before, the median family income also increased 9%, giving workers about $450 more in purchasing power. In contrast, many married women joined the workforce halfway through the year when job opportunities began expanding, making an average median income of $1,100, about the same as they took home the year prior. - Sliced bacon (1 pound): $1.33 ($7.80 in todays dollars) The Bureau of Labor Statistics revised the CPI in 1978 and was not able to release average retail food prices from July 1978 through December 1979. - Fresh grocery milk (1 gallon): $3.50 ($4.39 in todays dollars). - White bread (1 pound): $0.20 ($1.79 in todays dollars) - Fresh grocery milk (1 gallon): $2.84 ($4.44 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.46 ($4.47 in todays dollars). - Fresh eggs (1 dozen): $1.22 ($1.63 in todays dollars) - Potatoes (10 pounds): $0.56 ($5.44 in todays dollars) - Round steak (1 pound): $0.39 ($6.91 in todays dollars) - White bread (1 pound): $1.04 ($1.39 in todays dollars) You may also like: How U.S. labor productivity has changed since 1950. - Fresh eggs (1 dozen): $1.00 ($2.10 in todays dollars) - Sliced bacon (1 pound): $1.77 ($3.72 in todays dollars) Though America had been trying to avoid entering World War II, the attack on Pearl Harbor brought the war right to its shores. - White bread (1 pound): $0.14 ($1.51 in todays dollars) - Fresh eggs (1 dozen): $0.53 ($4.74 in todays dollars) - Sliced bacon (1 pound): $3.61 ($4.38 in todays dollars)