December 18, 2010

NOTHING COSTS MORE THAN IT USED TO:

Cheapest Christmas ever (Steve Hargreaves, December 17, 2010, CNNMoney.com)

Toys are 55% cheaper today then they were in 1980, according to the Consumer Price Index. And that's a raw number, not adjusted for inflation. If a toy was $100 in 1980, it's $45 now -- never mind the fact that $100 then would be worth $265 today.

Same is true for small appliances like coffee makers and toasters -- they're down almost 30% since 1998, the earliest year numbers are available.

Electronics are a particular bargain. Televisions are 93% cheaper now then they were in 1980. Radios and speakers are half what they were when Reagan was elected. [...]

The reasons for the plunging prices have to do with advances in technology, manufacturing, retailing, and the global economy.


Cue whingeing.

Posted by Orrin Judd at December 18, 2010 7:00 AM
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