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People may make bad comparisons and ignore inflation in some situations.

But when purchasing people don't go straight for comparison of previous system plus inflation, they compare to other items they are buying at that period.

That is why NES @100, SNES @ 200, PS1 @299, PS4 @ 399 and PS5 @499 could be considered reasonable prices at the time they launched even if PS4 is 4 time more expensive than NES.

Good point.