DATE: 1946 AUTHORS: - Fresh delivered milk (1/2 gallon): $0.30 ($4.79 in todays dollars). The effects of the 1981 tax cuts continued to be felt, with strong consumer and business spending. - Round steak (1 pound): $3.32 ($6.61 in todays dollars) WebThe cost of buying a house on a mortgage was 6% in 1961. Administration: private business, 545; costs, 546; demand, 547; foreign Bush also raised taxes, a move that would haunt him in the next election. - II. Price and wage controls enacted by the government had been successful and inflation had gone down to 3.27%. - Fresh eggs (1 dozen): $0.60 ($5.74 in todays dollars) as well as image rights, data visualizations, forward planning tools, - Potatoes (1 pound): $0.25 ($0.59 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. - Fresh delivered milk (1/2 gallon): $0.68 ($4.23 in todays dollars). - Sliced bacon (1 pound): $3.20 ($4.53 in todays dollars) - White bread (1 pound): $0.14 ($1.51 in todays dollars) - Sliced bacon (1 pound): $0.81 ($6.06 in todays dollars) Military spending in Vietnam reached a peak, accounting for 9.5% of GDP. Wisconsin Historical Society // Getty Images, State Library of New South Wales // Flickr, SMU Libraries Digital Collections // Flickr, U.S. National Archives and Records Administration // Wikimedia Commons, U.S. National Archives and Records Administration // Wikimdia Commons, OSU Special Collections & Archives // Wikimedia Commons, The Library of Virginia // Wikimedia Commons, State Library and Archives of Florida // Wikimedia Commons, U.S. Department of Agriculture // Wikimedia Commons, State Archives of North Carolina // Wikimedia Commons, Countries with the most oil and who they're selling it to. It also raised taxes on gas, Social Security, and corporate income, as well as extended limits on discretionary spending. The agency had a special focus on advancing the economic status of African Americans, providing them job training opportunities and advocating for their inclusion in social safety net programs. - Round steak (1 pound): $1.11 ($8.92 in todays dollars) - Potatoes (10 pounds): $0.46 ($4.97 in todays dollars) And while the economy was booming, the world turned upside down when President Kennedy was assassinated in November, leaving Vice President Lyndon B. Johnson to take over. The recession which had begun in 1990 continued through March of 1991. - White bread (1 pound): $0.08 ($1.37 in todays dollars) - White bread (1 pound): $0.09 ($1.35 in todays dollars) You may also like: Iconic images from economic recessions in U.S. history, - Fresh eggs (1 dozen): $0.61 ($4.09 in todays dollars) Personal bankruptcy rates also reached record highs by 2001, in part due to the rising cost of college. - Sliced bacon (1 pound): $2.14 ($4.90 in todays dollars) Others, having to decide between transportation or housing seemed a bit more dire as the economy suffered and prices soared. - Round steak (1 pound): $2.86 ($8.19 in todays dollars) - Potatoes (10 pounds): $0.46 ($6.92 in todays dollars) - Sliced bacon (1 pound): $2.05 ($5.53 in todays dollars) When the U.S. foreclosure rate jumped 79%, the housing market crashed, causing home prices to decrease dramatically. - Fresh grocery milk (1/2 gallon): $1.16 ($2.55 in todays dollars). Defense jobs often paid workers more than they had ever earned before, allowing them the ability to save up or pay off debts. - White bread (1 pound): $0.76 ($1.33 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.46 ($4.45 in todays dollars). The economy did better than expected, with inflation below 1.5% and unemployment averaging at around 5.8%. - Round steak (1 pound): $4.88 ($5.45 in todays dollars) War and Postwar Wages, Prices, and Hours, 1914-23 and 1939-44 : Bulletin of the United States Bureau of Labor Statistics, No. With high unemployment continuing to be a major hurdle for the country, President Barack Obama signed the The American Jobs Act. It seems like the good old days, were really affordable when it comes to house buying with the best year to buy in 1945, with an average property price of - Fresh delivered milk (1/2 gallon): $0.27 ($4.78 in todays dollars). The economy continued to improve, with the value of the dollar soaring. - Round steak (1 pound): $0.39 ($6.91 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.35 ($4.67 in todays dollars). Public policies assisted returning veterans in securing jobs, purchasing homes and starting families; however, many minorities still faced challenges in partaking in these opportunities. - Sliced bacon (1 pound): $0.39 ($6.23 in todays dollars) - Potatoes (1 pound): $0.72 ($0.76 in todays dollars) - Round steak (1 pound): $0.30 ($5.70 in todays dollars) Some years the choices have been easier than others with prices low and income high. You may also like: Best value big colleges in America, - Fresh eggs (1 dozen): $0.77 ($3.73 in todays dollars) During 1977, consumer spending grew unusually fast, with people spending only a marginal amount of their income. - Potatoes (10 pounds): $0.63 ($5.67 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.31 ($4.58 in todays dollars). - Sliced bacon (1 pound): $0.71 ($6.18 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. With the coronavirus wreaking havoc across the globe, Americans have been feeling the pinch not only in their paychecks, but their wallets, as the pandemics disruptions on the economy have caused an increase in the price of goods. Income also ticked upward, with the median family income increasing to $23,260. - White bread (1 pound): $0.22 ($1.87 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.25 ($4.61 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.50 ($4.63 in todays dollars). The Social Security Act was passed by President Roosevelt in August, providing financial assistance to senior citizens, the disabled, and children in low-income families, as well as retired workers 65 and older. Meanwhile, overseas, Adolf Hitler had invaded Poland, marking the start of World War II. - Round steak (1 pound): $1.89 ($9.14 in todays dollars) It was notably the first year that the real median household income had exceeded its 1989 pre-recessionary peak. - Fresh eggs (1 dozen): $0.78 ($1.79 in todays dollars) Inflation also hovered around 4% throughout the year. An online calculator shows you how much prices have changed over the years in your part of the UK. - Potatoes (1 pound): $0.67 ($0.75 in todays dollars) However, this year was also marked by the burst of the dot-com bubble, when Nasdaq lost more than 75% of its value and a slew of internet companies went bankrupt. - White bread (1 pound): $0.08 ($1.52 in todays dollars) The economy continued to grow at a modest pace. - Fresh eggs (1 dozen): $1.74 ($1.80 in todays dollars) - White bread (1 pound): $0.25 ($1.61 in todays dollars) Businesses began wartime production and a myriad of jobs opened up, including for women who joined the lines at defense plants as welders, electricians, and riveters. - Round steak (1 pound): $4.14 ($5.02 in todays dollars) - Sliced bacon (1 pound): $0.77 ($8.32 in todays dollars) - Fresh eggs (1 dozen): $1.68 ($2.11 in todays dollars) Meanwhile, unemployment throughout the country continued to decrease, falling to 20.1%, while the economy grew 8.9%. You may also like: Most popular college majors in America, - Fresh eggs (1 dozen): $0.33 ($6.14 in todays dollars) Wars, extreme weather, political unrest, and more, have all affected the cost of goods and how Americans have spent their money. In an effort to bring the economy back from the recession, President Eisenhower increased government spending on construction projects and put more money into the nations up-and-coming interstate system. After three years, an armistice signaled the end of the Korean War. - Round steak (1 pound): $1.75 ($10.26 in todays dollars) Adding to the instability was the revelation by the federal government of a widening trade deficit, leading to the dollar falling in value. Gas prices also began to skyrocket, as the Organization of Petroleum Exporting Countries cut off oil exports to America in retaliation for the country providing military aid to Israel during the Yom Kippur War. Economic uncertainty among businesses and CEOs grew as the tumultuous presidential race between Hillary Clinton and Donald Trump tightened. The cuts were finally approved by Congress in 1964, three months after the president was assassinated. - Potatoes (10 pounds): $0.23 ($4.60 in todays dollars) Foreign governments contested the legislation, leading to a decrease in foreign trade and weakening of the foreign economy. 1 In 1940, minimum wage was $0.30 per hour. WebEvery month a team of specialists collects around 180,000 separate prices of over 700 items covering everything a typical family might buy, such as milk, bread and bananas. - Sliced bacon (1 pound): $1.33 ($7.80 in todays dollars) The price of the dollar in the foreign exchange market also fell, and the dollar was devalued 10 cents. The subprime mortgage crisis had a domino effect on the economy. - Potatoes (10 pounds): $0.50 ($5.84 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.57 ($4.44 in todays dollars). Despite gains in spending and output, the job market remained weak, with sluggish job creation and hiring. Compares pre- and post-WWI wages, union rates, farm wage rates, hours of work, and average weekly earnings by industry. A family of four with two earners and two children brought in $53,615 after taxes, adjusted for inflation, and spent more than $12,000 on housing, $6,000 on food, and $1,444 on entertainment. - Round steak (1 pound): $1.08 ($8.92 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($8.17 in todays dollars) - Potatoes (1 pound): $0.38 ($0.57 in todays dollars) - Fresh eggs (1 dozen): $0.55 ($4.68 in todays dollars) They were also heading to the stores, with strong retail sales reported throughout the year. and more. Consumer confidence was also at a high, with 80% of people not worried about losing their jobs and incomes rising among families in every wage bracket. - Potatoes (1 pound): $0.25 ($0.72 in todays dollars) - White bread (1 pound): $1.04 ($1.39 in todays dollars) per gallon (in 1938) to pasteurise, bottle and distribute milk in the London area, but it only But this isnt the first time the American economy has been shattered by a crisis. - Round steak (1 pound): $2.82 ($6.82 in todays dollars) - Fresh eggs (1 dozen): $0.35 ($5.99 in todays dollars) - Chappie Dog Food, 7d (3p) per tin. You may also like: 100 lowest-paying jobs in America, - Fresh eggs (1 dozen): $0.57 ($5.01 in todays dollars) Consumers also spent more money on personal insurance and pensions. The stock market crashed again, with businesses blaming New Deal initiatives and the government blaming a lack of investment on the part of the businesses. However, they saw some relief in the form of a tax cut, proposed by President Gerald Ford and approved by Congress in March. - White bread (1 pound): $0.21 ($1.76 in todays dollars) Coming into a new year with a modest recession, newly inaugurated President John F. Kennedy gave the economy a boost with stimulus spending that included tax cuts and the expansion of unemployment and Social Security benefits. - White bread (1 pound): $0.09 ($1.33 in todays dollars) - Potatoes (1 pound): $0.74 ($0.77 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. - Round steak (1 pound): $2.99 ($6.58 in todays dollars) - Fresh eggs (1 dozen): $1.40 ($1.43 in todays dollars) 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. - White bread (1 pound): $0.71 ($1.36 in todays dollars) - Sliced bacon (1 pound): $3.66 ($4.42 in todays dollars) - Fresh eggs (1 dozen): $0.49 ($3.82 in todays dollars) - Potatoes (1 pound): $0.52 ($0.65 in todays dollars) - Sliced bacon (1 pound): $3.38 ($4.66 in todays dollars) The real median household income was $60,684. As unemployment continued to shrink, coming down to 16.9%, FDR was elected to a second term as president. - Sliced bacon (1 pound): $0.23 ($4.60 in todays dollars) Consumer Price Inflation recorded message (available after 8am on release day): +44 800 0113703. - Sliced bacon (1 pound): $0.43 ($6.47 in todays dollars) - Fresh eggs (1 dozen): $0.59 ($5.71 in todays dollars) Consumer confidence was also strong and federal discretionary spending as part of the GDP hit a 30-year low. - White bread (1 pound): $1.44 ($1.58 in todays dollars) You may also like: Quiz: Can you guess which company owns these brands? - White bread (1 pound): $0.22 ($1.71 in todays dollars) Consumer spending grew and unemployment went down to 5.3%. - White bread (1 pound): $0.88 ($1.46 in todays dollars) - Potatoes (1 pound): $0.21 ($0.55 in todays dollars) - White bread (1 pound): $0.36 ($1.55 in todays dollars) - White bread (1 pound): $0.86 ($1.37 in todays dollars) While the average median income of families rose 6%, an 11% rise in prices meant they had less purchasing power than in years past. - Fresh grocery milk (1 gallon): $3.80 ($4.59 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.27 ($2.67 in todays dollars). Popular Culture offers a glimpse into the lives of people and the big and little things that made up the everyday. - Sliced bacon (1 pound): $1.67 ($4.78 in todays dollars) Expenditures on other areas, such as food, entertainment and education, also rose slightly. - Sliced bacon (1 pound): $1.71 ($7.82 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. - Potatoes (1 pound): $0.19 ($0.60 in todays dollars)* Minimum wage was also increased to $2.10, - Fresh eggs (1 dozen): $0.84 ($3.84 in todays dollars) - Round steak (1 pound): $2.77 ($8.75 in todays dollars) - White bread (1 pound): $0.18 ($1.72 in todays dollars) More federal programs were created to help the poor, unemployed and farmers, including the Soil Conservation and Domestic Allotment Act and the Rural Electrification Act, which provided help in bringing electricity to rural areas of the country. - Sliced bacon (1 pound): $1.94 ($5.07 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.83 in todays dollars). - White bread (1 pound): $1.41 ($1.58 in todays dollars) GDP decreased by 3.4% and unemployment was 5.6%. By this time, 6 million women had also entered the workforce, giving them greater economic independence. *In 1980, the BLS transitioned to tracking the price of one pound of potatoes instead of 10 pounds. - Round steak (1 pound): $3.12 ($5.18 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.46 ($4.60 in todays dollars). Meanwhile, the private-sector economy flourished, with private investments rising 156%. Unemployment continued to trend downward, declining from 2.3 million in 2015 to 2 million in 2016. [1] Prices are in pounds, shillings and pence. to dollars and cents (from Decimal currency, 1965, ABS) Pence Whole cents 1 1 2 2 3 2 4 3 5 4 You may also like: Jobs that might not exist in 50 years, - Fresh eggs (1 dozen): $0.45 ($7.01 in todays dollars) - Fresh eggs (1 dozen): $0.54 ($4.65 in todays dollars) - Potatoes (1 pound): $0.58 ($0.69 in todays dollars) In an attempt to restart economic growth and encourage consumer spending, the Federal Reserve eased monetary policies. - Sliced bacon (1 pound): $2.54 ($4.06 in todays dollars) You may also like: How CEO pay compares with worker pay at 50 famous companies, - Fresh eggs (1 dozen): $2.47 ($2.71 in todays dollars) Tracks hours and wages from 1932 to 1940. - Fresh delivered milk (1/2 gallon): $0.61 ($4.56 in todays dollars). - Fresh grocery milk (1/2 gallon): $0.78 ($4.12 in todays dollars)*. - Fresh eggs (1 dozen): $0.37 ($6.83 in todays dollars) - Potatoes (1 pound): $0.39 ($0.61 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.21 ($3.99 in todays dollars). - Sliced bacon (1 pound): $5.61 ($5.71 in todays dollars) - Sliced bacon (1 pound): $3.44 ($4.44 in todays dollars) - Potatoes (10 pounds): $0.63 ($5.63 in todays dollars) - Fresh grocery milk (1/2 gallon): $0.84 ($3.61 in todays dollars). Homebuying was also spurred by the development of the Levit home, which utilized mass production techniques to build inexpensive tract homes in the suburbs. The workforce grew by 1.6 million people in 1967, with more than 66% of these additional workers being women. - Round steak (1 pound): $0.28 ($5.44 in todays dollars) - Round steak (1 pound): $0.44 ($6.62 in todays dollars) But the coronavirus pandemic completely upended the economy, with small business revenue down 20% as of September and unemployment reaching a high of nearly 15% in April. - Round steak (1 pound): $4.28 ($5.11 in todays dollars) Increased wage rates and higher employment led to men earning more than they ever had before, with the average median income a record level of $3,400, a $160 increase from the previous year. - White bread (1 pound): $0.93 ($1.41 in todays dollars) The economy experienced a marked slowdown, with economic growth and job growth both decreasing and the housing boom coming to an end. It may have cost rod. - White bread (1 pound): $0.87 ($1.41 in todays dollars) - Sliced bacon (1 pound): $0.80 ($5.14 in todays dollars) A guinea is one pound and one shilling or 1.05. (Notes prepared by my father for the information of relatives in Australia. - Fresh eggs (1 dozen): $0.96 ($1.50 in todays dollars) - Potatoes (10 pounds): $0.63 ($5.48 in todays dollars) Stacker took a look at historic average pricing data from the Bureau of Labor Statistics (BLS) Consumer Price Index to find what a sample basket of food cost from 1930 to 2020, including prices for fresh eggs, white bread, sliced bacon, round steak, potatoes, and milk. With the election over, Americans experienced a strong economy, with consumer confidence at its highest since 2000. Inflation went up to 11.2% and interest rates soared to 20%. 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. The war meant that unemployment had virtually disappeared in the United States, as women, minorities, and teenagers joined the labor force in droves, bringing the unemployment rate to 1.2%. - Fresh eggs (1 dozen): $1.68 ($1.82 in todays dollars) Stock markets were strong the first half of the year, but by mid-October, a barrage of negative news reports had led to decreased investor confidence and unpredictability. - Potatoes (1 pound): $0.39 ($0.57 in todays dollars) The legislation would go on to create 9.3 million jobs. A brand new Ford Cortina car cost 675. People became increasingly frustrated with the lack of federal aid, and homeless families began to live in shelters in communities called Hoovervilles. The tumultuous year was capped off by the collapse of the Bank of the United States, the largest single bank failure in the countrys history. - Fresh eggs (1 dozen): $0.90 ($2.58 in todays dollars) - Potatoes (10 pounds): $0.25 ($4.68 in todays dollars) - Round steak (1 pound): $1.80 ($9.50 in todays dollars) In November, President Bill Clinton was elected to a second term, and the stock market grew at a rapid clip following the election. In an attempt to prevent hoarding, the Office of Price Administration set price limits and food rations. 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%. - Sliced bacon (1 pound): $1.94 ($4.69 in todays dollars) - Fresh grocery milk (1 gallon): $2.70 ($4.31 in todays dollars). Named after its creator, Secretary of State George C. Marshall, the Marshall Plan proposed offering European nations more than $15 billion in aid to rebuild after the war. Frustrated with the governments handling of the economy, Americans voted for Ronald Reagen in the November elections. - Fresh eggs (1 dozen): $0.32 ($5.99 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($7.66 in todays dollars) - Sliced bacon (1 pound): $0.79 ($7.70 in todays dollars) The U.S. economy in 1972 enjoyed prosperity marked by comparatively stable prices and unemployment falling to 5.1% by the end of the year. Income spending decreased this year and so did consumer spending. - Fresh grocery milk (1 gallon): $3.04 ($3.09 in todays dollars). The plan worked, with the recession ending by April; however, average unemployment for the year was 6.8%. - White bread (1 pound): $1.00 ($1.41 in todays dollars) - White bread (1 pound): $1.30 ($1.32 in todays dollars) The countries traded skis, whiskey, fur and computers, among other goods. Note that this describes the situation still current - Potatoes (10 pounds): $0.19 ($3.61 in todays dollars) - White bread (1 pound): $0.08 ($1.50 in todays dollars) While the average family income went up to $13,720, the continued increase in prices9% from the year beforemeant families had less to spend. - Round steak (1 pound): $1.04 ($9.37 in todays dollars) The economy grew 2.9%, as consumers increased their spending 1.9%. 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. Millions of Americans received a stimulus check in the summer, ranging from $300 to $600, with the federal government hoping the money would be spent to stimulate an economy undergoing a mild recession brought on by the dot-com bubble burst. WebWhat it cost - 1940 Rowntree's Cocoa, 6d (2p) per lb. - Fresh eggs (1 dozen): $0.82 ($3.52 in todays dollars) - Sliced bacon (1 pound): $0.67 ($5.63 in todays dollars) - Fresh eggs (1 dozen): $0.59 ($7.88 in todays dollars) - Round steak (1 pound): $1.30 ($8.72 in todays dollars) - White bread (1 pound): $0.08 ($1.42 in todays dollars) - Round steak (1 pound): $0.39 ($7.05 in todays dollars) - Potatoes (1 pound): $0.47 ($0.63 in todays dollars) - Fresh eggs (1 dozen): $1.00 ($2.10 in todays dollars) Stacker believes in making the worlds data more accessible through - Potatoes (1 pound): $0.38 ($0.61 in todays dollars) On the bright side, oil and gas prices fell, leading to an increase in disposable income and a growth in consumer spending. Research conducted by financial firm Provident compares prices for food items, such as fish and chips, teabags and Mars Bars, over 25 years for its memory-lane quiz Back In The Day. - Round steak (1 pound): $3.12 ($6.55 in todays dollars) - White bread (1 pound): $0.54 ($1.35 in todays dollars) - Round steak (1 pound): $0.90 ($8.74 in todays dollars) - Fresh eggs (1 dozen): $0.62 ($4.40 in todays dollars) The minimum wage was raised 50 cents to $4.75. - Potatoes (1 pound): $0.63 ($0.76 in todays dollars) Can you guess the company these real 'Jeopardy!' - Sliced bacon (1 pound): $2.47 ($4.10 in todays dollars) 3 In 1940, milk cost an average of $0.26 per gallon. By June, the economy had begun to grow again, but unemployment for the year remained high at 19%. 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. Contains a supplement for 1941. - Fresh grocery milk (1 gallon): $3.23 ($3.43 in todays dollars). - White bread (1 pound): $0.09 ($1.44 in todays dollars) With millions of Americans out of work, underemployed, or laid off, the road to economic recovery will be a long one. - Sliced bacon (1 pound): $0.41 ($7.79 in todays dollars) Congress approved tax cuts proposed by President Kennedy before his assasination, putting more money back into the pockets of American consumers. The year started off with strong consumer spending, with car sales historically high. - Potatoes (10 pounds): $1.40 ($5.59 in todays dollars) - Fresh grocery milk (1 gallon): $3.19 ($4.25 in todays dollars). - Round steak (1 pound): $4.24 ($5.13 in todays dollars) - Potatoes (10 pounds): $0.32 ($5.99 in todays dollars) - White bread (1 pound): $0.18 ($1.75 in todays dollars) - Potatoes (1 pound): $0.24 ($0.60 in todays dollars) - Sliced bacon (1 pound): $0.34 ($6.02 in todays dollars) - Potatoes (10 pounds): $0.94 ($7.77 in todays dollars) And with a war raging overseas, American businesses got a boost from selling goods such as steel, ammunition, and food to European countries. - Fresh eggs (1 dozen): $0.57 ($4.96 in todays dollars) - Fresh eggs (1 dozen): $1.99 ($2.41 in todays dollars) For individuals, the median income was $2,600, a 5% increase from the previous year. - Potatoes (1 pound): $0.68 ($0.79 in todays dollars) The price of oil per barrel doubled, then quadrupled, causing severe gas shortages as well as an increase in food prices. - Sliced bacon (1 pound): $1.46 ($4.61 in todays dollars) Employment continued to grow, with 2 million adults1.4 million of which were womenjoining the workforce. - White bread (1 pound): $0.24 ($1.61 in todays dollars) - Sliced bacon (1 pound): $1.92 ($3.56 in todays dollars) [1] Prices are in pounds, shillings and pence.