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There's a lot of fiddling done on the numbers. One thing they do to keep CPI low is using "equivalent items". So if the iPhone 4 cost $500 ten years ago, and
by RachelF 5y ago
There's a lot of fiddling done on the numbers.
One thing they do to keep CPI low is using "equivalent items".
So if the iPhone 4 cost $500 ten years ago, and you can now buy an "equivalent" cheap Android from WalMart for $50 then they measure this as deflation.
- gruez 5y agoAnd that's fine right? 13 years ago an enthusiast-class graphics card went for $300[1]. Now it costs $650[2] (more if you include scalpers). Does that mean PC gaming hardware has inflated by 2x? [1] https://www.anandtech.com/show/2556 https://www.anandtech.com/show/2556 [2] https://en.wikipedia.org/wiki/Radeon_RX_6000_series https://en.wikipedia.org/wiki/Radeon_RX_6000_series
- deleted 5y ago[deleted]
- RachelF 5y agoNo, that's the opposite of how they work. They will say your 13 year old HD 4750 costs next to nothing these days. They compare like specs now with those last year, so technological progress is counted as deflation.
- gruez 5y ago>They will say your 13 year old HD 4750 costs next to nothing these days Maybe it does? From a GFLOPS/s point of view it's outperformed by the integrated graphics in your CPU (eg. https://en.wikichip.org/wiki/intel/uhd_graphics/630 https://en.wikichip.org/wiki/intel/uhd_graphics/630), which essentially costs nothing.