1974 SPECIAL REPORT: “BLACK NUTRITION AND COST OF FOOD”

When I was growing up, I remember my dad would always mention the fact that when he was a kid, he could get a bag of chips, a candy bar and a drink for like 25 cent. I also remember that I could get a small juice, a bag of chips and a 50 cent [...] The post 1974 SPECIAL REPORT: “BLACK NUTRITION AND COST OF FOOD” appeared first on Slauson Girl.

1974 SPECIAL REPORT: “BLACK NUTRITION AND COST OF FOOD”

When I was growing up, I remember my dad would always mention the fact that when he was a kid, he could get a bag of chips, a candy bar and a drink for like 25 cent. I also remember that I could get a small juice, a bag of chips and a 50 cent candy bar for $1.

In 2022, these three items would total $2 and some change.

We are currently experiencing inflation in the U.S, with price increases ranging from gas, to grocery items due to the pandemic and the Russia/Ukraine conflict. It is one thing to hear my dad speak on the price differences when he was a kid and seeing these price increases myself.

According to NBC, “although average hourly earnings are up 5.1% from a year ago, prices have been rising even faster, especially for groceries and — until quite recently — gasoline, so paychecks can’t stretch as far. The Consumer Price Index, which measures the average change in prices for consumer goods and services, jumped a higher-than-expected 9.1% in June, the fastest pace since 1981.”

Read More: Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck

In economics, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services.

The post 1974 SPECIAL REPORT: “BLACK NUTRITION AND COST OF FOOD” appeared first on Slauson Girl.