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binary solo said:
What are you using as a reference for inflation?

In New Zealand PS4 is cheaper today then PS2 was when it launched, and that's without an inflation adjustment. When PS2 launched here is was about $1000. PS4 at launch was $650. I don't know what PS1 was when it launched. I was oblivious to consoles in 1996.

CPI data http://www.bls.gov/cpi/

All calculations are actually to 2013, as the 2014 data wont be available till august.