For a snapshot of grocery prices 75 years ago today, here is an ad for Guyton’s Food Store, at the corner of Fifth and Castle Streets, Wilmington, N.C., from the January 10, 1947 issue of the Wilmington Morning Star.
These prices look like real bargains, but there has been a lot of inflation since 1947. According to this inflation calculator, one dollar in 1947 is the equivalent of $12.46 in 2022 dollars. So a dime for a roll of toilet paper sounds cheap, but that’s the same as paying about $1.25 today. A pound of bacon for 65 cents works out to over $8. And a pound of butter was 85 cents, but that’s over $10 a pound today, which is very expensive. Even the margarine at 42 cents a pound is about $5 a pound.