Comment by gruez

>the reported CPI of 2.4%, which of course is nowhere near the actual increase in life's necessities but does show that you can get TVs cheap

I went through the CPI basket[1] and vaguely looked for categories "life's necessities" and came up with "Food and beverages", "Shelter", "Fuels and utilities", "Transportation", "Medical care", "Education and communication". Those categories alone make up 85.3% of the basket, and I didn't even bother going into detailed categories to look for other essentials. "Televisions" on the other hand makes up 0.1%. I'm sure there's more non-essentials on there, but 85% of the CPI basket being non-essentials seems... pretty reasonable? If anything, it's weighted more towards essentials than typical consumer spending patterns.