Food, energy, housing and insurance was cheaper (minus the govt-created energy crisis of the 1970s for a little while) while entertainment, tools, clothing and electronics were far more expensive. It was a bread and butter economy back then. Unlike today which is heavily consolidated, micromanaged, subsidized and dependent on endless debt. The basics to live a decent life are far more expensive today while entertainment and electronics (minus RAM from the govt-subsidized AI boom) are dirt cheap.

In the near future all of it will overpriced until global depopulation occurs and governments made it that way, it is in the plans. Fiat currency was never meant to last forever. It always has been and always will be a giant ponzi scheme for wealth redistribution ie theft from the masses to the 1% tyrannical asses.