On the way home I stopped at the grocery story. At the checkout counter I noticed a display for Topps Baseball Cards, 20 cards and a stick of gum on sale for $2.99. What a deal! Back in 1963, when I was seven years old, a pack of five baseball cards and that same stick of gum only cost 5 cents. Why do I remember this fact? My allowance was 10 cents per week, and I was allowed to buy one, and only one, pack of baseball cards per week. The rest was supposed to go in my piggy bank! Thus, forty-five years of inflation has yielded ... a 1500% inflation by the baseball card index!
- Cost per card in 1963: 1 cent per card
- Cost per card in 2008: 15 cents per card