From 20 Cents to $2.32: A Meat Pie's Journey Through Inflation

Australia: Then and Now – How Inflation Changed the Price of a Meat Pie In 1973, a meat pie cost a mere 20 cents in Australia. Today, that same pie would cost around $2.32, a stark reminder of the impact of inflation. Recently, a video surfaced using archival footage from 1973, showing Australians reacting to the price of meat pies. "20 cents is a bit steep," commented one interviewee, highlighting the concerns even then. Another remarked, "I think it's absolutely ridiculous." The video contrasts these reactions with the current cost, prompting reflection on the changing economic landscape. The rise in meat prices, a key factor behind the increased cost, is also discussed. This historical perspective offers a valuable lesson on the persistent challenge of inflation and its effects on everyday life.