Price Inflation

What is Inflation?

"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 of Your Money.

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.

Income

Median Income

The first inflation chart is the average increase in the Median Income over the last 87 years.

To some the chart above might look like proof of progress, before you let that thought cross 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

Food

Food Price Inflation

Milk Price

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

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

Thanksgiving Dinner

For 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

Hershey Bar Price

Source:

Foodtimeline

Candy Wrapper Archive

Shelter

Home Price Inflation

New Home Price

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

Transportation Price Inflation

New Car Price Chart

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

Energy

Energy Price Inflation

Gas Price Chart

Between 1950 and 1975, the average gas prices are based on a gallon of Regular Leaded Gas. From 1976 to the Present Day, the average gas prices based on a gallon of Regular Unleaded Gas Prices.

Sources:
www.worldbank.org
www.eia.gov

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Postage

Postage Price Inflation

First Class Stamp Price

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

College Tuition

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

Source: National Center for Education Statistics: Table 330 - column 15

Education Price Inflation

Private College

Source: National Center for Education Statistics: Table 330 - column 15

Entertainment

Sports Entertainment Price Inflation

NFL - Super Bowl Ticket Price

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

Baseball Ticket Price

Source:

EH.net

Statista

Entertainment Price Inflation

Movie Price Chart

As with everything else around us, Entertainment Costs have increased in America, too.

Source:
www.boxofficemojo.com

Pattern in the Charts

One Key event happened in 1971, referred to as the "Nixon Shock."

The Nixon Shock happened when President Richard Nixon said he would "temporarily" take the United States off the Gold Standard.

Nixon Ends Bretton Woods International Monetary System

This action by President Nixon meant that the United States Dollar was no longer backed by gold. Enabling the United State's Federal Reserve to print money so the government could continue to offer more and more entitlements.

Gold Price Charts

The chart below is a real-time chart the Price of Gold, over the last 45 years.

The other re-occurring pattern that is easily recognizable is Not that the prices of everything around us have gone up, but that the value of our the dollars has gone down.

Since the "Nixon's Shock" in 1971, the inflation monster has been creeping into our wallets, eating away at the value of our money.

The charts above reveal that Price Inflation has been shedding pennies off our dollars, year over year.

In addition, all of the charts above have one overwhelming thing in common, which is, items priced in a currency of expanding supply will constantly continue to lose its purchasing power.

Furthermore, gold and other precious metals have retained their value against long term price inflation and that they can help you preserved the value of your money and savings.

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