How Much Are You Paying For Soup?
- Posted by TheArmoTrader
- on January 15th, 2013
I just saw this chart posted on my stream. It shows the cost of a regular can of Cambell’s soup. As you see, it’s only become more expensive as the years have moved on. Typical for most foodstuffs & goods.
(H/T @Teycir on Stocktwits)
Now, while that looks crazy (!), it doesn’t really show if its gotten expensive or not. How you ask? Well, just because it costs $0.87 today doesn’t mean it’s more expensive than the $0.10 in 1950. So what I did is I took the average wage for every year that was listed(*), and calculated what % of the average hourly wage the can cost. So basically, soup can cost/average wage.
[*Using other sources, I had to estimate for 1950, which was about $1.50, and 1960, which was about $2.45]
So here is what I got. Basically, in 1950, the can of soup cost more than it did now despite the major price increase! However, the can of soup does cost more today than in 2007-2011. I’d expect this to level off in the next decade (Timestamp?).
[This obviously does not take into account quality, size, or any other factor….if someone can find me that data, I’d be more than happy to revise/update this post]
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Jerry "TheArmoTrader" Khachoyan is currently an active trader, investor, market commentator, and Finance-Twitter participant. He started being involved with financial markets in September of 2008. He concentrates on using technical analysis and an understanding of macro to determine his trades and investments. He graduated UCLA with a degree in Political Science in 2013. The stock market to him is one of the greatest inventions by man.
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