How The Buying Power Of Your Dollar Has Changed Over The Last 60 Years
Jan 8, 2015, 18:42 IST
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Inflation has caused prices to rise 784% over the past 60 years. But not all prices rise at the same rate. Prices of gas, beef and Hershey's chocolate have increased more than ten-fold since 1954, much more than inflation. The prices of eggs and coffee have more than doubled and tripled respectively. But on an inflation-adjusted basis, both of these goods cost about half what they did when your grandma bought them.
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Produced by Alex Kuzoian and Sara Silverstein
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