Question

You might have heard your grandmother say, "when i was your age, candy bars cost a nickel." like candy bars, the price of fast food has increased over time. in 1958, the year pizza hut introduced its large cheese pizza, the price was $1.50. in 2015, a large cheese pizza cost $10.49.

Answer 1

This is due to Inflation.

As time passes, prices of commodities, labor, and services tends to increase.

In order for a healthy economy to grow, country's try to limit inflation and keep it at a minimal.

However, deflation, which is the exact opposite is avoided as it can hamper in the overall economic growth of the country.

The example of Pizza hut shows how, over such a long period of time, the prices of services and commodities can increase so much.