alt Hacker NewsSorry, what?
Food is much more expensive, like 30% here in Europe, much faster growth than inflation. And before you state that food is accounted for in inflation: economists are doing some dirty tricks here by finding subpar replacements.
Cars are also much more expensive for the same quality, far surpassing inflation.
I will concede TVs and electronic gadgets, though.
Chart 42[1]
[1]https://www.bls.gov/opub/100-years-of-u-s-consumer-spending....
> Cars are also much more expensive for the same quality, far surpassing inflation.
Cars are much, much more value then they used to be.
The Slate truck is as close to what cars used to be in the seventies. No power steering, no power brakes, no crumple zones, no fuel injection, etc. All those features cost a lot of money yet the amount of money spent on cars really hasn't gone up in accordance.
A 1970 Honda Civic cost 2k base. A base model today appears to be around 25k. that's more than inflation but it's also a luxury car, in comparison.
The vehicle market is less about low pricing as much as it is feature sets at price points. In other words, the prices stay roughly static but they pack in more features.