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Historical Snapshot Standard Pay What Did Items Cost? The Value Of A Dollar

     What Did Items Cost? 1970-1979

Item Description Price
Girl's dress Sears, Winnie the Pooh, never need ironing. $10.00
Men's dress shirt Perma Prest; permanent stays; 65% poly, 35% chambray. $7.99
Remote-control racer Computer logic has added fun to remote control products. $49.95
Basketball Long-wearing pebble-grain vinyl, rubber cover. $4.89
Bicycle 24" youth lightweights; for the shorter youth or petite miss. $99.00
Doll Tenerella, 19" doll has long, dark hair, sparkling go to sleep eyes, vinyl skin. $12.99

FOOD BASKET (Prices in New York City)

Item 1970 1971 1972 1973 1974
Beef steaks/lb $1.54 $1.64 $1.77 $2.02 $2.12
White bread/lb 28.5¢ 30.1¢ 30.3¢ 33.2¢ 40.9¢
Cheese/.5lb 49.1¢ 58.4¢ 52.1¢ 58¢ 72.4¢
Eggs/dozen 66.8¢ 57.9¢ 57.1¢ 83.5¢ 85.6¢
Milk/quart 35.6¢ 36.9¢ 37¢ 40.6¢ 41.8¢
Rice/lb 22.1¢ 23.7¢ 23.7¢ 30.4¢ 51.2¢

Item 1975 1976 1977 1978 1979
Beef steaks/lb $2.25 $2.12 $2.09 * *
White bread/lb 42.3¢ 42.4¢ 41.2¢ 35.5¢ *
Cheese/.5lb 77.9¢ 86.7¢ 89.9¢ * *
Eggs/dozen 84.6¢ 91.4¢ 88.5¢ 82.3¢ *
Milk/quart 41.4¢ 42.8¢ 43.05¢ 83.9¢ *
Rice/lb 49.8¢ 47.7¢ 44.8¢ 40¢ *

* = Not reported

Note: Material adapted from "The Value of a Dollar, 1860-2004." Third Edition, Scott Derks, Grey House Publishing.

 

 

 

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