I had to look at that again- I didn't pick up on it in the first place. What are the chances that the they got the prices mixed up?nice image, though I'm confused at the pricing between NES and SNES.
We definitely have experienced some, I figure this image was probably made in 2013 and hasn't been changed since then.Glad to see we have experienced 5 years of 0% inflation since the Wii U released, at least it did some good.
I couldn't find the date when it was produced, but it was recently posted on social media...We definitely have experienced some, I figure this image was probably made in 2013 and hasn't been changed since then.
Yeah they pop up everywhere, the origional must have been produced in 2013. So these aren't accurate anymore but still show a rough trend I guess.I couldn't find the date when it was produced, but it was recently posted on social media...
What are you guys finding confusing about the prices. They were both $200 at launch.
Inflation. Money loses value and prices rise. Meaning if those consoles launched today (providing ceteris paribus - economist slang for everything else stays the same), i.e. technology was at the same level as when those consoles came out), they would be more expensive in terms of money spent due to inflation over the years.looking at the today's prices, how does a older console become more?
Inflation. Money loses value and prices rise. Meaning if those consoles launched today (providing ceteris paribus - economist slang for everything else stays the same), i.e. technology was at the same level as when those consoles came out), they would be more expensive in terms of money spent due to inflation over the years.
This plays in to purchasing power. In 1986, everything was cheaper than in 1991. $200 bought your more things (gas & food) in 1986 than it did in 1991, thus the $200 from 86 is more valuable than the $200 from 91.I think you took my reply out of context. I'm confused why the NES (which surely has less) costs more than the SNES by the numbers of that graph when both started at $200.
The fact that the NES came out first, meaning that extra years of inflation to the value of money was applied.I think you took my reply out of context. I'm confused why the NES (which surely has less) costs more than the SNES by the numbers of that graph when both started at $200.