By using this site, you agree to our Privacy Policy and our Terms of Use. Close
SvennoJ on 28 July 2014
Edit Thread
Baalzamon said:
SvennoJ said:

In my anectdotal example it would be closer to 5% anual inflation from 1990 to 2014. So I would get closer to a $500 console from $200 in 1996. Looks right on the money actually!

Average inflation is useless for these things anyway. From that site I linked the price of meat went up five fold since 1990.
Compared to groceries, consoles are cheaper nowdays. Compared to other luxury items they are more expensive.

Different times, I used to get 5.5 % on a savings account, and I remember mortages being as high as 14%, now I'm happy when I get 1.2% and mortagages are as low as 3%.

Without inflation, In 2000 I paid 44.43 euros (99.95 guilders) for a PC game, today they are 49.99. Too lazy to find older ones :)

Your meat prices have gone up five-fold? I pay $3/lb for 90/10 hamburger (everyday price). I know for a fact 90/10 hamburger wasn't $.60/lb in 1990. I'd also say pretty consistently that prices listed in the indexes used arent even close to what I pay...ever...for anything. Sure, if I went to my local store and bought a single pound of hamburger without a sale, I'd probably pay the $4.50 that people claim hamburger costs. I just go buy 5 lb packs at Sams Club for $15.

I'd even go as far as to argue I could probably consistently eat food (and be healthy) and have a grocery bill that wasn't even close to double (that would indicate 3% inflation) what it would have been in 1990. Pretty much any fruit for lunch would be about 0% inflation since 1990. I actually pay less or the same for milk now than what it cost in 1990. Eggs run about the same as they were in 1990. A lot of vegetables (for supper side) have had just about 0% inflation since 1990. Even if my meat for supper has went up three fold, the overall bill for the day would not be even double.

It's much less on http://data.bls.gov/cgi-bin/surveymost?ap, from $1.91 to $3.90
http://www.thepeoplehistory.com/70yearsofpricechange.html states $0.91 in 1990, now $4.68
Where I live fresh ground beef currently costs ~ CAD 11 per kg,  CAD 4.95 per pound.

I don't remember how much it was in 1990, I lived in a different country with a currency that doesn't exist anymore, hard to compare. Ofcourse now I'm buying for 4 people instead of 1, that's inflation :)