"$100 in 1915 is equivalent in purchasing power to about $2,589.13 today, an increase of $2,489.13 over 109 years. The dollar had an average inflation rate of 3.03% per year between 1915 and today, producing a cumulative price increase of 2,489.13%.
This means that today's prices are 25.89 times as high as average prices since 1915, according to Statistics Canada consumer price index. A dollar today only buys 3.862% of what it could buy back then." ~ taken from in2013dollars.com
The notion in my mind is that I can remember when butter was 50 cents a pound. But I seem to be slightly off. It looks like it was almost 70 cents in 1959.
That's hoping I am reading the historical Statistics Canada listing of prices correctly. It says that butter was 69.6 cents in 1959.
And what about the price of butter back then? It seems to me as we get older the farther back we go when we compare prices. That makes the gap bigger every time the price goes up.
Following from yesterday's pictures, here's one with the little red koi in the shot. I'll have to be satisfied with this version if I want them both in the image.
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