Cost of bread in 1914. $0.063. Cost today $2.00 Bread Inflation 0.035%
Try that with the cost of a car or house or silver or gold..
or an education.. amazing inflation..
A house or car are hard to compare because the standards in housing and cars are so dramatically different. The average house in 1913 cost $6000. But at 3.5% inflation that’s worth $187,000 now. Which would you rather have, a $187,000 house built today, or the kind and size of the average house selling for $6,000 in 1913, with no running water, no electric plugs, no a/c, no lights, no appliances, and not built to any safety codes? Seriously?
Gold’s in a bubble right now. But even so, since 1913, the inflation rate in gold has been a whopping 4.5%. 1913 to 2003 was 3.4%.