Saturday, April 22, 2006

Falling Prices

With gas prices heading ever higher, it may ease the pain to know that a handful of items cost less today than they did nearly a decade ago. The Bureau of Labor Statistics calculates price changes by holding product quality constant. Computers may seem to cost the same amount of money today as they did a decade ago, but you get much more for your money. Holding product quality constant, here is how much prices have fallen for the following items between 1997 and 2006: 

videotape and DVD rentals: -11 percent
ship fares: -29 percent
toys: -29 percent
landline service, long-distance: -33 percent
cell phone service: -35 percent
photographic equipment: -46 percent
personal computers: -89 percent

1 comment:

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