Q:

What did things cost in 1914?

A:

The price of a Dodge Brothers Touring Car in 1914 was $500, and in 2014, the average price of buying an automobile is $32,086. Many other prices are exceedingly different in 2014 as compared to a century ago. In 1914, a gallon of gas was roughly 12 cents, and in 2014, the average cost of a gallon of gas is $3.44.

Inflation over the past 100 years also affects prices. For example, a movie ticket in 1914 was 7 cents, and in 2014, the average price of a movie ticket was $7.92. With an inflation adjustment, the cost of a movie ticket in 1914 would be $1.67. That is still a $6.25 difference and increase in price. Comparatively, an ounce of gold carried a price tag of $20.72 in 1914, and as of 2014, an ounce of gold was roughly $1,474.03. With an inflation adjustment, the price of gold in 1914 would be $493.33.

Other cost comparisons include the price of housing. In 1914, the average price to buy a home was approximately $3,500. The average cost of a new home in 2014 was approximately $317,500. A gallon of milk in 1914 was roughly 12 cents, and in 2013, it cost approximately $3.50. Lastly, a loaf of bread in 1914 was 6 cents, and in 2014, it cost roughly $2.39.


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