This guide points to U.S. government publications showing average retail prices for common items or "necessities of life." Prices for foods, medicine, articles of clothing, household items, physical goods and common services fall within the domain of this guide. We've added price data for major purchases -- a house, a car, a college education. We always prefer pointing to federal and state agency publications, but will substitute other primary sources if government data is unavailable.
Price data is most meaningful when viewed in historical context. So, side-by-side with price data, you will find links to average wages, salaries, hours and earnings for workers in the same time periods. We also recommend the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) Inflation Calculator to see the value of historic wages expressed in terms of its buying power in any other year from 1913 to the present.
Thanks to Mizzou student assistants David Steinmeyer, Amanda Krewson, Kamilah Jones, Scott Peterson, Carrie Carter, and Guinevere Lawson, as well as to Pamela Campbell of the Federal Reserve Bank of St. Louis' FRASER digital library, all of whom provided assistance in the enhancement of this resource.