1978 - Volume #2, Issue #1, Page #05
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When Will It End?
If you think that last new tractor or combine you bought was expensive, just wait until the year 2000. At an annual inflation rate of 7%, a $30,000 1977 tractor would cost $142,220. A combine that sold for $48,000 would cost right at $142,220. Some other projections to include in your long range budget planning - a $5,000 car could cost $23,700; a $1.19 pound of ground beef, $5.64; a 39 cent loaf of bread, $1.85; a 59 cent gallon of gasoline, $2.80; and a 49 cent candy bar, which now costs 20 cents, could carry a price tag of 95 cents by the year 2000. 
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