You might have heard your grandmother say, “when i was your age, candy bars cost a nickel.” like candy bars, the price of fast food has increased over time. in 1957, the year burger king introduced its whopper, the price was $0.37. in 2015, a whopper costed $3.99. suppose the cpi in 1957 was 28, and the cpi in 2015 was 240. the base year for the cpi is 1983. if the price of a whopper had kept up with the rate of inflation, its price in 2015 would have been $

Es as an older person, I have seen a big increase in the cost of things like I remember when car gas cost about 55 cents a gallon! While wages and salaries have gone up I don't think that in many cases they have kept pace with the cost of living. I used to get paid $365 per month when I started out in mineral exploration and then at my last job as an employee I got about $5000 per month but even then we struggled to make ends meet to pay the mortgage or rent and buy food and clothing for the kids etc.