Quiz: Can you guess how much the price of everyday products has risen in the last 100 years?

What's On?

What's On? / What's On? 110 Views 0

It seems that we're always talking about the price of food, fuel and other expenditures rising constantly.

Well it looks like we have been right all along because prices have definitely increased - although there are some exceptions!

Provident Personal Credit did some research into inflation over the past 100 years and have looked at some of our favourite household items including Tayto crisps, a dozen eggs and even a Bray Wanderers season ticket.

Think you can guess how prices have changed? Take the quiz below and then check out the facts.

A shopping basket which included teabags, milk, a dozen eggs, a chocolate bar, beer, cigarettes would cost €24.89 back in the day. That's now increased to €32.84 – showing that inflation has directly impacted the price of the average shopping basket.

  • Tayto have increased over the years, with the cost of the bag priced at €0.04 in the 1970s, while today a bag would cost €0.85. This means that Ireland would be able to get 25 bags in the 1970s for the price of one today!
  • A dozen eggs have risen from €2.64 in the 1980s to €3 today.
  • Similarly, those with a sweet tooth back in 2006 have seen an increase in the price of their Dairy Milk fix from €0.71 to €1.25
  • It was cigarettes which has seen the highest increase in price, rising 110% from €5.71 in 1999 for 20 King Size cigarettes to €12 in 2018.

While some items have seen an increase, Provident also discovered that tea bags, pork chops and even milk are cheaper now than "back in the day".

  • It roughly costs €3 today for pork loin chops in Irish supermarkets while their predecessors in 1914 were getting less pork for their pound, paying €4.89.
  • Those in Ireland back in 1999 were having to fork out €2.60 for a two-litre carton of milk, while we only have to pay €1.49 for the same amount today.

Other household expenditures including petrol and house prices have also increased over the years.

  • With the increasing cost of fuel prices, Ireland has seen an increase in unleaded fuel from €0.89 a litre in 2003 to €1.40 in 2018 – making it a very costly expenditure.
  • House prices in Ireland have seen a dramatic rise since 2003, with prices seeing a 35% increase! The average house price in 2003 was €224,567 rising 35% to €322,680.
Houses in Dublin 8

Even recreational activities have seen as increase in price over the years

  • Irishmen would pay just €75 for a Bray Wanderers season ticket back in the day, with a 180% increase over the years seeing the price of the season ticket rise to €210 today!
  • The price of going to the cinema has also seen a dramatic spike in cost - with tickets rising from €7.60 to up to €12.60 – which means a family for four would pay €50.40 to visit the cinema!
  • The wash, cut, blow-dry has been an institution for ladies in Ireland for decades, and an afternoon of pampering would have cost €32 for the wash cut and blow dry in 2006 while women today would pay €39 – rising 22%.

Read More

Price hikes

Comments