• jj4211@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 day ago

    Ok. Did some digging and found:

    BLS built hedonic models for goods and services in several areas including apparel, electronics, and housing for CPI and for computers and, more recently, broadband services for PPI.

    So the “price” includes adjustments to imagine what a 50" flat panel might have cost of it had been possible back then. So a $200 dollar 50" flat TV that a single person can carry is extrapolated to be worth $10,000 back then, which at least in that case I can say sure. The minimum viable TV of 2000 no longer has anyone making that crappy, so you don’t see TVs under $10 new.

    But it does mean that many of these rates might be “nicer” than presented.