Wednesday, June 23, 2010

The Movie "Home Alone" and Pizza Prices, 20 Years Later

I watched Home Alone this past week and noticed something that I think is interesting. Pizza prices have gone down over the past 20 years.

In the movie the family has ten pizzas delivered and the total is $122.50. It's noted that it breaks down to "ten pizzas times twelve bucks" in the dialog. Later in the movie we are told the cost of a pizza again. Kevin orders "a whole cheese pizza" just for himself and the delivery guys says it costs $11.80.

Today I can buy large pizzas and have them delivered for $10 each, plus a $2 delivery charge. When you look at the prices with the CPI Inflation Calculator you can see that $11.80 in 1990 (the year Home Alone came out) has the same buying power as $19.70 today (2010).

-P. Econmancer