You may also like: How U.S. labor productivity has changed since 1950. - Potatoes (1 pound): $0.72 ($0.76 in todays dollars) The economy did better than expected, with inflation below 1.5% and unemployment averaging at around 5.8%. - White bread (1 pound): $0.53 ($1.43 in todays dollars) - Fresh eggs (1 dozen): $2.02 ($2.22 in todays dollars) - Fresh eggs (1 dozen): $0.78 ($4.12 in todays dollars) - Fresh eggs (1 dozen): $0.36 ($6.51 in todays dollars) - White bread (1 pound): $1.33 ($1.41 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.24 ($4.49 in todays dollars). - White bread (1 pound): $1.02 ($1.48 in todays dollars) - Sliced bacon (1 pound): $0.66 ($5.80 in todays dollars) The price of things: In 1963 a gallon of petrol cost 5 shillings. - Round steak (1 pound): $3.10 ($5.03 in todays dollars) - Fresh eggs (1 dozen): $0.96 ($1.50 in todays dollars) The unemployment rate was 5.3%the lowest it had been since 1974and consumers were also spending more, with real final sales growing 4% throughout the year. I went to the spare room and checked my copy of Radio Times for September 1946 (every home should have one!) What was the cost of living in 1948? Mainly for this reason, estimates You may also like: Best value big colleges in America, - Fresh eggs (1 dozen): $0.77 ($3.73 in todays dollars) Minimum wage also increased this year to $1.40 per hour. - Fresh delivered milk (1/2 gallon): $0.66 ($4.43 in todays dollars). In doing so, youre agreeing to the below guidelines. - Potatoes (10 pounds): $0.86 ($13.40 in todays dollars) - White bread (1 pound): $0.89 ($1.39 in todays dollars) - Round steak (1 pound): $0.43 ($6.70 in todays dollars) However, unemployment crept up to 5.8%. - Sliced bacon (1 pound): $1.99 ($3.49 in todays dollars) - Potatoes (1 pound): $0.34 ($0.71 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. The tax cuts would go on to have long-term benefits. - White bread (1 pound): $1.04 ($1.39 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. - Potatoes (10 pounds): $0.63 ($5.67 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.58 ($2.56 in todays dollars). - Fresh eggs (1 dozen): $0.60 ($4.82 in todays dollars) - Sliced bacon (1 pound): $1.79 ($7.15 in todays dollars) - Sliced bacon (1 pound): $2.05 ($5.53 in todays dollars) - Fresh eggs (1 dozen): $0.91 ($1.64 in todays dollars) - Fresh eggs (1 dozen): $0.99 ($1.89 in todays dollars) - Potatoes (1 pound): $0.47 ($0.63 in todays dollars) However, Americans did save money on food, with more individuals opting to eat at home due to the high cost of dining out and a desire to eat healthier, as well as the availability of entertainment courtesy of streaming services. But this isnt the first time the American economy has been shattered by a crisis. distribution partner, email us at Inflation also increased and the country entered a mild recession in December. - White bread (1 pound): $1.08 ($1.39 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.83 in todays dollars). Unemployment continued to trend downward, declining from 2.3 million in 2015 to 2 million in 2016. The subprime mortgage crisis had a domino effect on the economy. Consumer confidence and spending continued to trend upward, as did debt levels meant to support spending activities. 2 In 1940, bread cost an average of $0.08 per pound. The legislation would go on to create 9.3 million jobs. The inflation adjusted prices are based on the Consumer Price Index (CPI). How CEO pay compares with worker pay at 50 famous companies, How U.S. labor productivity has changed since 1950, https://creativecommons.org/licenses/by-nc/4.0/?ref=chooser-v1. With product prices rising only slightly, these record-high incomes were significant, giving American consumers more purchasing power than ever before. - Potatoes (1 pound): $0.62 ($0.75 in todays dollars) - Fresh eggs (1 dozen): $1.34 ($1.85 in todays dollars) - Round steak (1 pound): $2.91 ($7.29 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.44 ($4.75 in todays dollars). - Fresh grocery milk (1 gallon): $2.76 ($3.90 in todays dollars). - Sliced bacon (1 pound): $3.20 ($4.53 in todays dollars) The countries traded skis, whiskey, fur and computers, among other goods. - Fresh eggs (1 dozen): $1.00 ($2.51 in todays dollars) - Potatoes (10 pounds): $0.76 ($6.38 in todays dollars) - Fresh eggs (1 dozen): $0.59 ($5.71 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.73 in todays dollars). Published: Wednesday 20 March 1940 Newspaper: The Scotsman County: Midlothian, Scotland - Fresh grocery milk (1 gallon): $3.26 ($3.89 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. With more money in hand thanks to the President George W. Bushs tax cut package, consumers began spending, helping to recharge the economy. - White bread (1 pound): $0.20 ($1.76 in todays dollars) Economic uncertainty among businesses and CEOs grew as the tumultuous presidential race between Hillary Clinton and Donald Trump tightened. - Potatoes (10 pounds): $1.50 ($6.44 in todays dollars) - Sliced bacon (1 pound): $4.56 ($5.17 in todays dollars) - Fresh grocery milk (1 gallon): $2.84 ($4.44 in todays dollars). - Fresh grocery milk (1 gallon): $2.78 ($4.20 in todays dollars). By this time, 6 million women had also entered the workforce, giving them greater economic independence. The newly inaugurated President Jimmy Carter made job creation a main priority and Congress passed the Economic Stimulus Appropriations Act. - White bread (1 pound): $0.93 ($1.41 in todays dollars) - Potatoes (1 pound): $0.33 ($0.63 in todays dollars) In 1973, average inflation nearly doubled to 6.16. - Potatoes (1 pound): $0.45 ($0.62 in todays dollars) - Potatoes (1 pound): $0.39 ($0.61 in todays dollars) Having made it into the new century unscatched after the Y2K scare, customers also bought computers and software in large numbers, in addition to spending more money on energy after a considerably warm 1999. A stock market crash from the previous year, as well as an ongoing recession and high inflation, meant low economic decline for the country. - Fresh delivered milk (1/2 gallon): $0.68 ($4.23 in todays dollars). Publications that use this data. 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. - Sliced bacon (1 pound): $0.84 ($6.55 in todays dollars) - White bread (1 pound): $1.29 ($1.34 in todays dollars) Britain imported - Round steak (1 pound): $2.86 ($8.19 in todays dollars) In an attempt to restart economic growth and encourage consumer spending, the Federal Reserve eased monetary policies. After several years of slow growth, the economy grew 2.9% in 2015. By March 1930, more than 3.2 million people were unemployed. - Fresh grocery milk (1/2 gallon): $0.79 ($3.82 in todays dollars), The economy continued to struggle in 1975, with unemployment averaging 8.5%. You may also like: 100 lowest-paying jobs in America, - Fresh eggs (1 dozen): $0.57 ($5.01 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.42 ($2.83 in todays dollars). - Potatoes (10 pounds): $0.50 ($5.84 in todays dollars) - Fresh grocery milk (1 gallon): $3.20 ($3.47 in todays dollars). - Round steak (1 pound): $2.99 ($6.58 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.25 ($4.61 in todays dollars). GDP decreased by 3.4% and unemployment was 5.6%. But the attacks of 9/11 further exacerbated the effects of the recession, closing the stock markets for several days. The economic benefits of the cut would be felt in years to come, with the Dow Jones industrial average nearly doubling between 1962 and 1966, the federal budget deficit shrinking, and GDP increasing. You may also like: Most common jobs in America 100 years ago, - Fresh eggs (1 dozen): $0.58 ($8.39 in todays dollars) - Fresh eggs (1 dozen): $1.47 ($1.56 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. - White bread (1 pound): $0.22 ($1.87 in todays dollars) In a poll, Americans also said they and their families were enjoying good times, with the majority of them working less and spending more time at home. - Sliced bacon (1 pound): $0.43 ($6.70 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. - Sliced bacon (1 pound): $0.68 ($5.78 in todays dollars) - Sliced bacon (1 pound): $3.25 ($4.78 in todays dollars) - Round steak (1 pound): $3.25 ($5.71 in todays dollars) 1 In 1940, minimum wage was $0.30 per hour. - Fresh eggs (1 dozen): $0.49 ($3.82 in todays dollars) - Round steak (1 pound): $1.89 ($9.14 in todays dollars) - Sliced bacon (1 pound): $0.81 ($6.06 in todays dollars) Meanwhile, the private-sector economy flourished, with private investments rising 156%. Over the course of the next 10 months, the GDP dropped by nearly 2% and unemployment rose to 6.9%. 5 In 1940, sugar cost an average of $0.052 per - Fresh delivered milk (1/2 gallon): $0.31 ($4.48 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.46 ($4.45 in todays dollars). Adding to the employment crisis was the rise in people who had exhausted their unemployment benefitsup more than 2.3 million from the previous year. - Fresh eggs (1 dozen): $1.84 ($2.09 in todays dollars) You may also like: Best value colleges in every state, - Fresh eggs (1 dozen): $1.01 ($2.01 in todays dollars) 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. If your organization is interested in becoming a Stacker 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. - Fresh delivered milk (1/2 gallon): $0.50 ($4.63 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.52 ($4.42 in todays dollars). The workforce grew by 1.6 million people in 1967, with more than 66% of these additional workers being women. In an attempt to prevent hoarding, the Office of Price Administration set price limits and food rations. - Sliced bacon (1 pound): $5.77 ($6.13 in todays dollars) With millions of Americans out of work, underemployed, or laid off, the road to economic recovery will be a long one. By 2016 food shopping accounted for just 10.5% of our income. 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. - White bread (1 pound): $0.21 ($1.76 in todays dollars) - Sliced bacon (1 pound): $0.77 ($8.32 in todays dollars) Americans were on the move and car sales were there to prove it. - Fresh eggs (1 dozen): $0.53 ($4.74 in todays dollars) - Potatoes (1 pound): $0.68 ($0.74 in todays dollars) - Round steak (1 pound): $2.90 ($7.58 in todays dollars) - Potatoes (1 pound): $0.21 ($0.51 in todays dollars) - Potatoes (1 pound): $0.28 ($0.64 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.56 ($4.50 in todays dollars). - Fresh grocery milk (1 gallon): $2.70 ($4.31 in todays dollars). - Sliced bacon (1 pound): $0.43 ($6.47 in todays dollars) - White bread (1 pound): $0.53 ($1.52 in todays dollars) - White bread (1 pound): $0.16 ($1.57 in todays dollars) [emailprotected]. questions are about? However, a slight recession began in the country in November, leading into the next year. Those who were employed were also spending more money on health insurance. - Round steak (1 pound): $1.04 ($9.05 in todays dollars) Hours and earnings in the U.S, 1932-40. - Sliced bacon (1 pound): $1.92 ($3.56 in todays dollars) - Sliced bacon (1 pound): $0.39 ($6.23 in todays dollars) Housing, transportation and food were among the top items consumers were buying. - Fresh delivered milk (1/2 gallon): $0.35 ($4.67 in todays dollars). [1] Prices are in pounds, shillings and pence. - White bread (1 pound): $0.51 ($1.61 in todays dollars) My father sold our house on Millmount Road in 1941 for 800 pounds,it was detached with four bay windows and walled garden. One of his first acts as president was closing all the banks for several days until they were found to be financially secure, giving Congress time to put together the Emergency Banking Act and effectively restoring the publics faith in banks. - Round steak (1 pound): $1.06 ($9.32 in todays dollars) More workers also saw more money in their paychecks, as the minimum wage was raised to $1 per hour, an increase of 25 cents. For 1944 and 1945, income amounts above $200,000 about $3.3 million in today's dollars were taxed at an astounding marginal tax rate of 94%! - Potatoes (10 pounds): $0.24 ($4.11 in todays dollars) - Round steak (1 pound): $1.75 ($10.26 in todays dollars) - White bread (1 pound): $0.25 ($1.56 in todays dollars) - A small - Potatoes (1 pound): $0.37 ($0.65 in todays dollars) - Potatoes (1 pound): $0.67 ($0.74 in todays dollars) - White bread (1 pound): $0.16 ($1.56 in todays dollars) The year also saw the launch of the dot-com bubble, with investors eagerly putting money into newly launched internet-based startups. - Fresh grocery milk (1 gallon): $3.16 ($4.35 in todays dollars). The annual average unemployment rate nationwide remained low at 3.9%. Note that this describes the situation still current - Fresh eggs (1 dozen): $0.79 ($1.74 in todays dollars) - Fresh eggs (1 dozen): $1.22 ($1.63 in todays dollars) How much did bread cost in the 1940s? - White bread (1 pound): $0.18 ($1.75 in todays dollars) - Round steak (1 pound): $1.14 ($8.53 in todays dollars) - Fresh eggs (1 dozen): $0.30 ($5.70 in todays dollars) - White bread (1 pound): $0.21 ($1.81 in todays dollars) They found that in Bill Clinton, who won the election with Vice President Al Gore. DATE: 1946 AUTHORS: You may also like: Most popular college majors in America, - Fresh eggs (1 dozen): $0.33 ($6.14 in todays dollars) - White bread (1 pound): $1.00 ($1.47 in todays dollars) - White bread (1 pound): $0.08 ($1.52 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.16 ($2.55 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.12 ($3.02 in todays dollars). You may also like: History of the supermarket industry in America, - Fresh eggs (1 dozen): $0.53 ($4.38 in todays dollars) - Round steak (1 pound): $3.40 ($6.12 in todays dollars) - White bread (1 pound): $0.14 ($1.51 in todays dollars) - Round steak (1 pound): $5.71 ($5.92 in todays dollars) - Fresh grocery milk (1 gallon): $3.04 ($3.09 in todays dollars). - Fresh eggs (1 dozen): $0.78 ($4.57 in todays dollars) - Potatoes (10 pounds): $1.37 ($8.03 in todays dollars) - Potatoes (10 pounds): $0.93 ($5.79 in todays dollars) - Fresh grocery milk (1 gallon): $3.19 ($4.25 in todays dollars). The countrys adjustment from a wartime to peacetime economy led to a brief recession that began in 1948 and continued through October 1949, when unemployment reached a yearly high of 7.9%. To help finance the war effort, Americans purchased war bonds, sold at 75% of their face value in denominations of $25 up to $10,000. - Fresh grocery milk (1 gallon): $3.49 ($3.96 in todays dollars). The economic recovery bolstered by the New Deal took a hit as unemployment increased to 20% and industrial production fell 32%. - Potatoes (10 pounds): $1.46 ($6.68 in todays dollars) Under FDRs New Deal, Congress also put together several other programs intended to bolster the economy and create jobs, such as the Tennessee Valley Authority and the Civil Works Administration. Public policies assisted returning veterans in securing jobs, purchasing homes and starting families; however, many minorities still faced challenges in partaking in these opportunities. - Fresh eggs (1 dozen): $1.24 ($1.75 in todays dollars) The recession lasted eight months, with unemployment reaching 7%. - Round steak (1 pound): $0.41 ($6.06 in todays dollars) - Round steak (1 pound): $4.88 ($5.45 in todays dollars) - Fresh eggs (1 dozen): $0.37 ($6.93 in todays dollars) - Fresh eggs (1 dozen): $1.74 ($1.80 in todays dollars) No longer in a recession and boosted by tax cuts, inflation decreased significantly, coming down to 5.75%. 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. - Sliced bacon (1 pound): $0.66 ($6.41 in todays dollars) - White bread (1 pound): $1.40 ($1.54 in todays dollars) In an effort to combat rising inflation and create jobs, President Richard Nixon signed an executive order in August, authorizing temporary wage and price controls. - Fresh delivered milk (1/2 gallon): $0.28 ($4.36 in todays dollars). Strong economic growth, stable prices for goods and services, and record-low unemployment at 4.2% made the U.S. economy look like an Energizer Bunny on steroids, according to CNN Money. as well as image rights, data visualizations, forward planning tools, President Dwight D. Eisenhower signed legislation to construct an interstate highway system in 1956, leading to the creation of thousands of construction jobs as well as an increase in the number of roadside businesses. - White bread (1 pound): $0.23 ($1.63 in todays dollars) 852. - White bread (1 pound): $0.75 ($1.35 in todays dollars) - Sliced bacon (1 pound): $0.34 ($6.02 in todays dollars) - Sliced bacon (1 pound): $1.33 ($7.80 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.37 ($2.62 in todays dollars). - White bread (1 pound): $0.08 ($1.42 in todays dollars) questions are about? - Round steak (1 pound): $0.85 ($9.30 in todays dollars) - Fresh eggs (1 dozen): $0.45 ($7.01 in todays dollars) - White bread (1 The minimum wage was raised 50 cents to $4.75. By the end of the year, Americans were required to use government-issued vouchers to purchase sugar and coffee, as well as gas and clothing. 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. - Fresh delivered milk (1/2 gallon): $0.51 ($4.59 in todays dollars). - White bread (1 pound): $0.17 ($1.64 in todays dollars) However, they saw some relief in the form of a tax cut, proposed by President Gerald Ford and approved by Congress in March. and found some prices as follows (from the ads): An increase in the minimum wageup to $2.30 per hour from $2.10also gave American workers a boost. With high unemployment continuing to be a major hurdle for the country, President Barack Obama signed the The American Jobs Act. - Fresh delivered milk (1/2 gallon): $0.21 ($3.99 in todays dollars). There are a few guidelines and - Round steak (1 pound): $2.95 ($7.96 in todays dollars) - Potatoes (1 pound): $0.63 ($0.76 in todays dollars) Do you splurge on bacon or hair dye? The GOP also approved sweeping tax reform, decreasing the corporate tax rate to 21% and eliminating the Affordable Care Acts individual mandate provisions. Government policies that had raised interest rates had also resulted in higher consumer prices, leading to a decline in spending. - Potatoes (10 pounds): $0.68 ($6.51 in todays dollars) - White bread (1 pound): $0.25 ($1.61 in todays dollars) You may also like: Cost of gold the year you were born, - Fresh eggs (1 dozen): $1.66 ($1.98 in todays dollars) (Notes prepared by my father for the information of relatives in Australia. - Fresh grocery milk (1 gallon): $2.88 ($4.23 in todays dollars). Hurting the American economy even further was a banking panica loss of confidence in the security of banks, resulting in people withdrawing their money in large numbers. All indicators continued to show a healthy, growing economy, with unemployment at 4.9% and inflation at around 3%. - Fresh grocery milk (1/2 gallon): $1.56 ($2.59 in todays dollars). They were also heading to the stores, with strong retail sales reported throughout the year. - Fresh eggs (1 dozen): $0.57 ($8.58 in todays dollars) - Potatoes (1 pound): $0.83 - Potatoes (10 pounds): $0.21 ($3.88 in todays dollars) 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. The country was in a recession by the end of the year. Recession recovery continued, with the rate of layoffs decreasing. [1] Prices are in pounds, shillings and pence. Some shops priced more expensive items in guineas. - Fresh delivered milk (1/2 gallon): $0.46 ($4.47 in todays dollars). Heres a snapshot of life and pop culture in 1963. - Fresh eggs (1 dozen): $0.40 ($7.08 in todays dollars) The country fell into another recession, as GDP decreased by 3.7% and unemployment rose to 7.4%. - Sliced bacon (1 pound): $0.67 ($6.71 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.52 ($4.57 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.57 ($4.44 in todays dollars). - Potatoes (10 pounds): $0.17 ($3.23 in todays dollars) Thanks to the implementation of New Deal programs, the economy began to grow, swelling to 10.8%, while unemployment fell to 21.7%. - Fresh eggs (1 dozen): $0.92 ($1.57 in todays dollars) storytelling. The list of food that required vouchers expanded to include meat, cheese, fats, canned fish, and canned milk. - Fresh eggs (1 dozen): $1.04 ($1.66 in todays dollars) research shows that in the UK we actually spend less on food than previous generations did, and many popular foods are cheaper now than they were 30 years ago . - Fresh delivered milk (1/2 gallon): $0.48 ($4.59 in todays dollars). Wages and salaries went up only slightly, with the minimum wage remaining at $5.15 per hour. - Sliced bacon (1 pound): $0.82 ($7.93 in todays dollars) Economic growth was sluggish, coming in at just 2.5% because of a soaring trade deficit. WebRich Mans Dinner: $16.30 for Martini Cocktail, Lynnhaven Oysters, Celery, Stuffed Olives, Green Turtle Soup, Terrapin, Champagne, Canvasback Duck, Mushrooms in Cream, French Asparagus, French Peas, Squash, Appolinaris, Tutti Frutti Ice Cream, Assorted Cakes, Cordial, Camembert Cheese, and Caf Ture. - Sliced bacon (1 pound): $0.80 ($5.14 in todays dollars) A guinea is one pound and one shilling or 1.05. - Round steak (1 pound): $2.89 ($6.62 in todays dollars) - Sliced bacon (1 pound): $4.11 ($4.91 in todays dollars) - Chappie Dog Food, 7d (3p) per tin. The new decade saw a slow economy give way to a mild recession, caused by rising interest rates meant to keep inflation under control and global oil prices more than doubling after the Iraq invasion of Kuwait. - Fresh grocery milk (1 gallon): $2.90 ($3.01 in todays dollars). Stacker believes in making the worlds data more accessible through - Sliced bacon (1 pound): $0.67 ($5.63 in todays dollars) The average income of families once again hit record highs, increasing 5% to $6,200. - Sliced bacon (1 pound): $2.54 ($4.06 in todays dollars) - Round steak (1 pound): $3.13 ($4.89 in todays dollars) Tracks hours and wages from 1932 to 1940. By 1940, Americas economy was on the up-and-up, with unemployment continuing to decrease to 14.6%. - White bread (1 pound): $0.16 ($1.60 in todays dollars) The year began with 77.2 million Americans employed and unemployment at 3.3%, the lowest it had been since 1963. restrictions, which you can review below. - Potatoes (1 pound): $0.35 ($0.63 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.44 ($2.53 in todays dollars). - Round steak (1 pound): $0.39 ($6.91 in todays dollars) - Fresh grocery milk (1 gallon): $3.23 ($3.43 in todays dollars). - White bread (1 pound): $1.41 ($1.58 in todays dollars) - Round steak (1 pound): $2.77 ($8.75 in todays dollars)