Produce defies inflation trend
Produce defies inflation trend
According to the U.S. Bureau of Labor's statistics inflation calculator, what cost $1 in 1980 would cost $2.61 in 2009.
The People History (www.thepeoplehistory.com), a web site project with the goal of making modern history interesting, reveals some retail food prices from past decades. Apples sold in a Wyoming store for 39 cents per pound in 1986, the equivalent of $1.02 today; tomatoes were 39 cents per pound in New York in 1980, the equivalent of $1.02 today; bananas sold for 19 cents a pound in Maryland in 1960, the equivalent of $1.39 today.
The People History (www.thepeoplehistory.com), a web site project with the goal of making modern history interesting, reveals some retail food prices from past decades. Apples sold in a Wyoming store for 39 cents per pound in 1986, the equivalent of $1.02 today; tomatoes were 39 cents per pound in New York in 1980, the equivalent of $1.02 today; bananas sold for 19 cents a pound in Maryland in 1960, the equivalent of $1.39 today.