Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by BizarroLand on Friday May 02, 2025 @01:54PM
(#43872886)
I think you misunderstand.
Prices on some things trend downward without inflation as the products become cheaper to manufacture and distribute due to process improvements and economy of scale.
Take, for instance, flat screen tvs. The first 42" flat screen TV, released in 1997, cost $18,750, or the equivalent of $37,201 in today's money.
Obviously this is not an apples to apple comparison, its a clarification that on some goods prices decrease regardless of inflation due to forces outside of the relative value of a dollar.
Prices on some things trend downward without inflation as the products become cheaper to manufacture and distribute due to process improvements and economy of scale.
Take, for instance, flat screen tvs. The first 42" flat screen TV, released in 1997, cost $18,750, or the equivalent of $37,201 in today's money.
https://www.wgal.com/article/evolution-of-tv-technology-pric...
The least expensive 42" (technically 43") tv available at Bestbuy today is on sale for $113.99, or the equivalent of $57.21 in 1997 money.
https://www.bestbuy.com/site/hisense-43-class-a6-series-led-...
Obviously this is not an apples to apple comparison, its a clarification that on some goods prices decrease regardless of inflation due to forces outside of the relative value of a dollar.