Comment by r0fl
1 day 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
1 day 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
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.
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).
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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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