Comment by r0fl
20 hours ago
8.7% annual inflation is pretty high but most luxury goods have kept up with that
Check Porsche 911 / Boxster pricing in Canada over those years or Chanel bags
Luxury inflation > normal inflation
20 hours ago
8.7% annual inflation is pretty high but most luxury goods have kept up with that
Check Porsche 911 / Boxster pricing in Canada over those years or Chanel bags
Luxury inflation > normal inflation
Luxury inflation is more than normal inflation, but this isn't a luxury even though it's not necessary, and the price isn't going up due to the steady cause of inflation (money creation).
Computers are a “luxury good” now?
Ones made by Apple? Definitely. There are other cheaper options.
The cheap ones have gone up in price even more as a %
In what world is the latest and greatest Apple product NOT a luxury good?
Yes, Apple iPad minis are luxury goods
If we remove the last year of AI-related storage/RAM cost increases, the rate of inflation is way lower if not flat.
The iPad is not the only device that has had price increases in the last year.
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The US is one of the wealthiest countries on earth, there’s nothing surprising about 50% of the population being able to afford luxury items.
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