Prices in 1923
Original title: Preços em 1923
A list of retail prices of foodstuffs and household goods in Madeira in 1923, followed by a comment on the steep rise in the cost of living since 1914. It illustrates the post-war inflation that impoverished formerly comfortable classes.
Sugar, 4.20 escudos per kilo; rice, 1.70 to 2.40 escudos per kilo; olive oil, 6.00 escudos per litre; salt cod, 5.00 escudos per kilo; potatoes, 50 to 70 centavos per kilo; coffee, 7.00 to 8.00 escudos per kilo; pork, 5.00 escudos per kilo; beef, 4.00 escudos per kilo; onions, 1.50 escudos per kilo; barley, 10.00 escudos per alqueire (dry measure for grain; as a land measure c. 900 m²); tea, 12.00 to 20.00 escudos per kilo; Lisbon chouriço sausage, 14.00 escudos per kilo; peas, 12.00 escudos per alqueire; broad beans, 11.00 escudos per alqueire; beans, 20.00 and 21.00 escudos per alqueire; chickpeas, 1.40 to 2.00 escudos per kilo; milk, 50 centavos per bottle; butter, 9.00 to 10.00 escudos per kilo; pasta, 2.30 to 2.40 escudos per kilo; maize, 1.20 escudos per kilo; eggs, 3.60 escudos per dozen; bread, 1.30 to 1.40 escudos per kilo; paraffin, 2.00 escudos per litre; cheese, 14.00 to 16.00 escudos per kilo; soap, 4.40 escudos per kilo; potatoes (Madeiran semilha), 50 centavos to 1.20 escudos per kilo; wheat, 12.00 escudos per alqueire; candles, 2.80 and 3.00 escudos per bundle; and vinegar, 80 centavos per litre.
It should come as no surprise that tea and paraffin, for example, which are foreign goods, cost seven and twenty times more today (1921) than in 1914. What has no possible explanation, despite the excessive wages demanded by farm labourers, is that not only Portuguese goods but even those produced in Madeira are being sold at prices fifteen, twenty and even fifty times higher than before. If we turn from groceries to fabrics of various kinds and to articles of clothing, the discrepancies are greater still. The ever-rising cost of living has made the situation of some classes that once lived in comfort very hard indeed.
In this article
Time
Years mentioned · 03-
Taking pre-war 1914 prices and wages as a baseline, the cost of living in Funchal rose sharply up to 1921, with prices increasing seven to fifty times and firewood sixfold.
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A sharp post-war rise in Madeira's cost of living drove some wages 20 to 30 times above pre-war levels and firewood prices up sixfold, hardening life for formerly comfortable classes.
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Retail prices of staple goods in Madeira were recorded for 1923.
Place
Places mentioned · 02- Lisbon
Portugal. Named in 'chouriço de Lisboa', a sausage listed among the priced goods.
The Portuguese capital, seat of the Relação court and of the Misericórdia whose privileges and statutes were extended to Funchal. Henrique Franco de Sousa studied at its Royal Academy of Fine Arts, and Luiz José Baiardo moved there in 1821.