You might think you're being ripped off, because your price perceptions are based on your first shopping experiences.
Here's the reality:
- A steak that was $10 in 1990 now costs $16.96.
- A vinyl double-album that sold for $10 in 1980 would cost the same now at $26.70.
- A pair of jeans at $10 in 1970 now costs $57.47.
- Shoes that were $10 in 1960 now cost $75.98.
- A radio that cost $10 in 1950 now costs $92.04.
The second price is not more expensive than the first.
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