The Story of Bacon

The average retail price of Bacon per pound in 1895 was around $0.13. The price of a pound of bacon in 2014 was around $5.78. What is the annual percentage rate of increase? This might have been the original question. But to get at this questions we need to work with the data a bit.

The average retail price of Bacon per pound in 1895 was around $0.13. The price of a pound of bacon in 2014 was around $5.78. What is the annual percentage rate of increase? How can we change things to work on this data?