When I was a child in the early sixties, a McDonald's hamburger, french fry and soft drink were $0.15, $0.10 and $0.05 respectively. I remember that my mom could take my sister and me for less than $1. We would order 3 hamburgers, 3 french fries and 3 soft drinks. The cost $.90. Big Macs were introduced in 1965 and cost $0.45. Then we could go to the local ice cream store for a $0.05 single scoop cone.
Today, a hamburger, french fry and soft drink are $0.89, $1.00 and $1.00 respectively. So the same meal for three when I was a child would be $8.67. Big Macs are $3.59 now. The local ice cream store charges $1.49 for a single scoop cone.
So costs have increased 6 to 30 times for the items I recall going to eat as a child.
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Take this post over the top by including inflation data!
ReplyDeleteAccording to two inflation calculators $1 in 1965 is worth $7.23-$7.30 in 2012. So a 7.26 X multiplier.
ReplyDelete