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>In practice, the inflation rate for most sectors is very different to the CPI average, so these “adjusted for inflation” numbers are pretty meaningless. That'
by Suppafly 2y ago
>In practice, the inflation rate for most sectors is very different to the CPI average, so these “adjusted for inflation” numbers are pretty meaningless.
That's a good point that people often ignore. It's especially relevant when talking about technology, where pricing tends to fall, not rise. Pi feel like they should cost like $20 now considering they make them at way higher numbers than in the past and that the technology isn't anything particularly unique.
- fulafel 2y agoSome things go up in price as features and mass market appeal go up. For example iPhone. You do have the launch Pi feature set available in the Pi Zero which is much less than 20 USD.
- Suppafly 2y agoiPhone is, in some senses, a luxury good but they at least try to make the new versions have some features that justify wanting to buy a new one vs keeping your existing one. I guess no one needs a Pi either though, so maybe it is a better comparison than I initially thought.