TAMPA – In the 1970s, inflation may have been the word of the decade. People also had to contend with a shortage of oil that led to rationing and long lines at gas stations. 

Through much of the decade, people complained about rising prices.

The backstory:

In the FOX Archives we found a story where a reporter went to a grocery store in 1975, and she was armed with a pocket calculator.

Here is a portion of the story:

“Stuffing seems to be pretty standard, 69 cents to fill a large turkey, cranberry sauce 39 cents, store brand rolls 49 cents, candied yams 45 cents, and the marshmallows to go with them ran 39 cents.” 

By the numbers:

The contents of her shopping cart totaled $15.71. 

Fast-forward to 2025, the American Farm Bureau Federation says a Thanksgiving dinner for up to 10 people costs around $55.

1970s inflation led to government wage and price controls.

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The Source: Information for this story was provided by FOX Archives and the American Farm Bureau Association.

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