There’s been a lot of inflation over the past hundred years. A century ago, you could get a meal of roast lamb, mashed potatoes, bread (2 slices), and butter for only $.20 at the employees’ cafeteria at Filene’s Department Store in Boston. What would a similar roast lamb meal cost today?
According to an online Inflation Calculator website, a dollar a hundred years ago is worth about $19 today. That suggests that the lamb dinner should only cost about $3.80 today. Whew, that’s way too low. I can’t even buy a latte for $3.80. . . or has food increased in price much faster than overall inflation?