Although inflation can increase costs of food, household items, electronics and even travel, demand for certain items can also drive up prices in a few short years. Comparing historical prices for common goods in the early to late 20th century with today’s costs offers some interesting insights into how consumerism has changed and evolved.
In fact, some items that people happily shell out thousands of dollars for today cost only a few bucks decades ago. On the other hand, there are goods that have gone down in price over the years. Read on to find out how much prices have changed over the last 100 years.
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