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Sugar prices spiked in the 1970s because of Soviet Union demand/hoarding and possible futures contracts market manipulation. The Soviet Union was the largest producer of sugar at the time. In 1974, Coca-Cola switched over to high-fructose corn syrup because of the elevated prices. [6] [7] [verification needed] Sugar prices 1962–2022
1974. Cost of Bacon: $1.15 Inflation-Adjusted Cost: $7.13. Everett Historical/shutterstock. 1975. Cost of Bacon: $1.55 Inflation-Adjusted Cost: $8.81 Bacon prices hit a record high in 1975 ...
Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries. A major factor driving the price hikes for first-class mail in the United States is a decline in mail volume. Since 2007, the number of mailed items has decreased by 68%.
Prices have increased from 25 cents to $6. 1974: $1 to $1.25 per Box. By 1974, Girl Scout cookies had expanded beyond sugar cookies and were now available in a number of flavors, including ...
The increase in oil prices caused export revenues from shipping to drop by 25% within a few years. Sweden at this time had the world's second largest ship building industry (after Japan), and the spillover effects devastated shipbuilders (Swedish shipbuilders lost some 3 billion SEK in 1974), which in turn led to problems in Sweden's steel ...
1950s: Beer Prices. At first glance, beer prices in the 1950s look low — especially when measured in 2023 dollars — but after adjusting prices for inflation, a six-pack of beer back then cost ...
Pages in category "1974 in economic history" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. 0–9.
We've taken a look back to see how the years have affected the price of 50 things we buy, or wish we could buy. Thanks to inflation, it takes around $1.30 to buy what $1 bought in 1999.