Table of Contents
How much did a gallon of gas cost in 1947?
Supporting Information
| Year | Gasoline Price (Current dollars/gallon) | Gasoline Price (Constant 2011 dollars/gallon) |
|---|---|---|
| 1947 | 0.23 | 1.90 |
| 1948 | 0.26 | 2.02 |
| 1949 | 0.27 | 2.09 |
| 1950 | 0.27 | 2.07 |
What did a new car cost in 1947?
In 1947, the earliest year we’ve been able to track these statistics, the average price of a new car was $1,864, according to the U.S. Commerce Department’s Bureau of Economic Analysis. That same year, median family income was $3,031, according to the Bureau of the Census.
How much did a pint of milk cost in 1947?
Table
| Period | Value |
|---|---|
| 1946 | 1.9 |
| 1947 | 1.9 |
| 1948 | 2.1 |
| 1949 | 2.1 |
How much did a car cost in 1946?
The Price of Life in the United States: 1946 vs. 2006
| Item | 1946 | 2006 |
|---|---|---|
| Monthly Rent | $35 | $950 |
| New Car | $1,125 | $28,800 |
| First-Class U.S. Postage | $0.03 | $0.39 |
| One-Year Tuition at Harvard | $420 | $30,275 |
How much did bread cost in the 1940s?
How much was a loaf of bread in the 1940s?
| YEAR | Cost of 1 lb. of Bread | Federal Minimum Wage |
|---|---|---|
| 1940 | $0.10 | $0.30 |
| 1950 | $0.12 | $0.75 |
| 1960 | $0.23 | $1.00 |
| 1970 | $0.25 | $1.60 |
How much did a loaf of bread cost in the 1940’s?
How much did a loaf of bread cost in 1946?
The Price of Life in the United States: 1946 vs. 2006
| Item | 1946 | 2006 |
|---|---|---|
| Gallon of Gasoline | $0.21 | $3.03 |
| Gallon of Milk | $0.67 | $3.23 |
| 1 Dozen Eggs | $0.59 | $0.98 |
| Loaf of White Bread | $0.10 | $0.97 |
What was the price of whole milk in 1939?
Between 1939 and 2021: Fresh whole milk experienced an average inflation rate of 3.06% per year . This rate of change indicates significant inflation. In other words, fresh whole milk costing $20 in the year 1939 would cost $237.12 in 2021 for an equivalent purchase.
What was the price of milk in 1997?
Then plug in historical CPI values from above. The CPI for Milk was 100.000 in the year 1997 and 151.699 in 2021: Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1997 has the same “purchasing power” as $7.58 in 2021 (in the CPI category of Milk ).
What was the cost of a car in 1947?
What Things Cost in 1947: Car: $1,500 Gasoline: 23 cents/gal House: $13,000 Bread: 12 cents/loaf Milk: 80 cents/gal Postage Stamp: 3 cents Stock Market: 181 Average Annual Salary: $3,500 Minimum Wage: 40 cents per hour. Find this Pin and more on Fiesta ! by Emily Miller.
What’s the price of a gallon of milk?
2018: $2.90 per gallon. The demand for milk has fallen off in recent years. People are drinking less of all kinds of milk, both whole and low-fat. As the dairy industry considers ways to reverse the trend, we’ll keep an eye on all dairy prices and let you know what’s happening.