Years ago at TOF's over-the-hill 40th b'day party he was given a "newspaper" full of headlines and such from the year he was born. Included was a list of the price of several things in birth year versus then-current year, including the median wage, an ounce of gold, a new home, a new Ford automobile, a loaf of bread, a jug of wine and some thou.
Being inquisitive, TOF divided everything by the gold price to convert from dollars to ounces and learned that the median wage and the new car were about the same in gold. Houses cost more in gold; and bread, milk, etc. cost less. The latter was probably because some of the cost was hidden as taxes for farm subsidies. IOW, we were paying low prices with the right hand while with the left we were paying extra to finance those low prices.
But in another sense, the price of the house (and the car) had dropped. A car in 1987 was not the same thing as a car in 1947, but a much more complex machine with more qualities [features]. Ditto, for a house built in those years. A new house in 1987 had more stuff than a new house in 1947.
No one pays per unit, but per quality (feature, use). This was brought home by the purchase of cheap "generic" paper towels. They were half the price of the brand-name towels, but had lower absorbency and we wound up using them three times faster. It then occurred to TOF that the real price was not how many pennies per towel, but how many pennies per mop-up. Similarly, the price of a light bulb is not pennies per bulb, but pennies per hour of illumination. And so on. That is, people buy qualities, not products. Black and Decker sells holes, not drills.
Meanwhile, TOF has recently discovered a web site that gives various prices in terms of grams of gold. For your enjoyment, a few choice examples:
How much did the dollar collapse?
It loses about half its value every four years:
Meanwhile, the site does not have gas-at-the-pump, but does have West Texas Intermediate crude oil prices in golden terms:
Tuition, room and board at Yale:
Home price index