1940 Grocery Prices

1940Nov14PittsburghPressHere’s a snapshot of what grocery prices looked like 80 years ago, from the November 14, 1940, issue of the Pittsburgh Press.

When you look at these old prices, one way to translate them to modern prices is by remembering that each dollar was made up of ten silver dimes or four silver quarters. Either way, it was one ounce of silver. Today, the price of silver is about $24 per ounce, so if you multiply these prices by 24, you’ll get the rough modern equivalent.

Chicken would set you back 29 cents a pound, which would be about $7 a pound in today’s money. Ham was 19 cents a pound, or the equivalent of about $4.50 today.

Fish from Lake Erie was 25 cents a pound. You could buy it fresh, or for the same price, you could buy it cooked, and warm it up at  home. At the lunch counter, a meal of either halibut or ham would set you back 56 cents for two people.