Question

In 1913, pork chops cost an average of 20.9 cents per pound ($0.209). How much would those 1913 pork chops cost in 2012 dollars?2

Answer 1

Answer and Explanation:

The price of pork chops per pound in 2012 is $3.57 according to Statista. This is a remarkable increase from 20.9 cents or $0.209 per pound from 1913.

Today pork chops cost even more at an estimated price of $4.25 per pork chop pound. A whooping 2033% increase from 1913. This is a good example of how much inflation has affected prices of goods in the last 100 years.