Are We Paying More For These 7 Essentials Than We Did in 1955?
7. One Pound of Butter
In 1955 the price of butter was about 71 cents per pound. By today’s standards that would be a whopping $6.28! That cost is much higher than the $2.96 we pay for a pound of most types of butter in the dairy aisle today.
The next time you think you’re paying higher prices for basic goods, remember that it goes both ways. Of course we should also keep in mind that we have a lot more non-food and processed food products on the shelf now to encourage us to spend and many more choices in the produce department as well. Back then the basics got us through and it would be a few years before the snacks and cereals we love so much today were on nearly every shopping list.