Homepage / Bullion Investment Basics: Price Inflation
Originally posted 12/20/2011 - Last Update & Edit 1/23/2020
"The increase in the quantity of money" which results in a devaluation of the currency and the eventual rise in the price of goods.
How is Inflation Calculated?
As inflation rises, every dollar decreases in value.
If the inflation rate is 2% a year, then a pack of gum that sells for $1.00 at
the beginning of the year, will cost $1.02 by the end of that year.
Inflation often goes unnoticed at doing what it does best; Destroying the Value a Currency.
The Charts below, are a Visualization of how over the years "Price Inflation" has affected everyone who lives the United States, in one way or another.
*Important Note: The prices displayed on all of these Charts are calculated with the average price paid in the United States and are not specific to any brand or region of the United States.
The first inflation chart is the average increase in the Median Income over the last 87 years.
To some, the chart above may look like progress, but before that thought crosses your mind, take a look at the chart below.
The chart below shows the 'Decline in the Purchasing Power of the Dollar.'
Furthermore, the Price Inflation charts below will show you how the purchasing power of our money has diminished over the decades.
Sources:
www.census.gov
www.thepeoplehistory.com
Advisor Perspectives - dshort.com
Food Price Inflation
The Milk price below is based on the price of One Gallon of Fortified Whole Milk.
Source:
www.economagic.com
Food Price Inflation
Bread Price Chart
The Bread Price Chart below is the example of the average purchasing price of a 1lb. Loaf of Plain White Bread, in the United States.
Source: econmagic - U.S. city average; White bread
Food Price Inflation
The American Farm Bureau Federation's "Cost of Thanksgiving" survey was first conducted in 1986.
The Survey is an informal gauge of price trends around the nation.
However, to allow for consistent price comparisons, the Farm Bureau’s survey menu has remained unchanged.
Source: American Farm Bureau Federation Survey
Food Price Inflation
Source:
Home Price Inflation
The Prices in this chart are based on the average cost of a New Home built in the United States.
Source:
www.thepeoplehistory.com
www.census.gov
Transportation Price Inflation
The averages in the New Car prices shown in the Chart below where taken from New Sports cars, Luxury Car prices, New Mid-sized and New Compact Cars sold in the US.
Sources:
www.thepeoplehistory.com
Road-Reality 2009-2010 graphic
Edmund's - Report Sheds Light on Vehicle-Shopping Trends - 2013
mlive - Average Price of New Car in 2018
Postage Price Inflation
The Prices for the Chart below, are based on the average price of one First Class U.S. Stamp.
Source:
www.johnstonsarchive - Cost of US First Class Stamp
Higher Education has witnessed some of the highest rates of inflation over the years in comparison to other services and commodities.
Below are two charts concerning the rising prices of College Tuition.
Education Price Inflation
Public College Chart
Source: National Center for Education Statistics: Table 330 - column 15
Education Price Inflation
Private College Chart
Source: National Center for Education Statistics: Table 330 - column 15
As with everything else around us, Entertainment Costs have increased in America, too.
Sports Entertainment Price Inflation
For the first three years the Superbowl was called 'The World Championship Game.' In 1970 it was changed to 'SuperBowl.'
The chart below is based on the average price of a single SuperBowl Ticket.
Source:
Star Tribune - Price of a Superbowl Ticket 1967 - 2018
Sports Entertainment Price Inflation
Source:
StatistaEntertainment Price Inflation
Source:
www.boxofficemojo.com
The Gold Price Chart below is a real-time chart that spans the last 45 years.
The difference between the 'Price Inflation' charts above and the Gold Price Chart below is:
Gold, the oldest known currency, besides silver, has preserved its purchasing power, despite Price Inflation. |
Gold (1970 - Present)
The U.S. Dollar (1913 - 2019)
Veteran & Patriot Owned
|
|
|
|
Veteran & Patriot Owned
Price Inflation
For the Latest Bullion Market News...
Transfer from the Price Inflation page
Bullion Vault - Trust Pilot - Customer Reviews
Search the Guide
search engine by freefind |
September Newsletter was just released on the 5th.
-------
Sign up to receive October's newsletter
All Donations are Appreciated!
Royal Canadian Mint
Start/Grow your collection with this set of 2023 collector’s edition non-circulation ... [More]
Mintage Figures
Images & Mintage Figures
Mintage Figures
&
Coin Images
Mintage Figures
Mintage Figures
Israel - Jerusalem of Gold - 1oz. Bullion Coin
Mintage Figures
&
Coin Images
Cancer Awareness Information & Resources page
Continuously Updated
Bullion Refiner
Bullion Refiner
Bullion Refiner