Isn't the cost of the "luxury" item that feels like it's older version closer to what the older item cost back then after accounting for inflation? For example

Isn't the cost of the "luxury" item that feels like it's older version closer to what the older item cost back then after accounting for inflation? For example: many often lament washers and dryers of yesteryear, but those appliances cost ~$3000 each after inflation in their respective time periods. Even Speed Queen, which is made in the USA and often touted as being high-quality, doesn't cost as much.