That is insane.... didn't they launch at like 699$ ?

To go from 700$ to over 1400$.... wow... you could sell it today and make back double.

CPI is Australia mine was US

I was using the US section, but maybe it defaulted to AUD anyway cos of my location.

The PS3 was $1000 AUD here when it launched in 2007, which would be $1671 today; a PS5 Pro costs $1400.

The interesting figure to me in regards to the PS3 is the fact that unlike its successor's it came down in price to US $249 not sure the inflation on that. 

Yeah that's the thing, I ultimately got my PS3 new for $400 AUD, or $578 now, which is less than half what a PS5 Pro costs and less than 60% of what the 6-year-old base PS5 costs.

I found this AI overview so take it how you will
AI Overview

A US $249 price tag from 2016 is equivalent to approximately $333.66 today after adjusting for cumulative inflation.
For historical context, the final PlayStation 3 bundles were manufactured and sold around late 2015 and into 2016 at a baseline retail price of $249. When compared to the console's massive $499 to $599 launch pricing in 2006—which amounts to an astounding $831 to $997 in today's money—the 2016 pricing represents the deep discount phase at the very end of the console's active retail lifecycle.
Would you like to compare this to the inflation-adjusted launch prices of other PlayStation hardware (like the PS4 Pro or PS5 Pro), or look up the current second-hand market value of a PS3 console?
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Reddit·r/PS5
Console Prices Through the Years (Adjusted for Inflation) : r/PS5
September 11, 2024 — Price Threshold for Console Success: Historically, most game consoles launched at an inflation-adjusted price above $600 (in 2024 ...
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Video Game Console Library
Console Launch Prices Compared, Adjusted for Inflation
PlayStation 2 (2000) — $299 → ~$576 in 2026 Xbox (2001) — $299 → ~$565 in 2026 GameCube (2001) — $199 → ~$376 in 2026 Xbox 360 (20...
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