3 ms·
Good eye! It seems most of the price escalation has occurred since 10 April 1974, when the U.S. government lifted its price controls on food.
by paulcole 6y ago
Good eye! It seems most of the price escalation has occurred since 10 April 1974, when the U.S. government lifted its price controls on food.
- deleted 6y ago[deleted]
- nybble41 6y agoPrice controls on food would explain the short interval where the price was being controlled: 1971 to 1974. What about the span from 1895 to 1970 where there were no price controls and yet the price hardly changed at all?
- christkv 6y agoI would think that in the period 1895 to 1970 the relative price of the can to wage growth means it got cheaper relative to purchasing power?