How were Prices in 1995?

In 1995, prices were generally lower compared to today's standards, influenced by factors such as inflation and changes in the economy. For example, the average cost of a new car was around $20,000, while a gallon of gasoline was approximately $1.15. Additionally, housing prices were significantly lower, with the median home price in the U.S. around $113,000. Overall, the purchasing power of consumers was relatively higher due to lower costs of living.