Luxury inflation is more than normal inflation, but this isn't a luxury even though it's not necessary, and the price isn't going up due to the steady cause of inflation (money creation).
replyComputers are a “luxury good” now?
replyOnes made by Apple? Definitely. There are other cheaper options.
replyThe cheap ones have gone up in price even more as a %
replyIn what world is the latest and greatest Apple product NOT a luxury good?
replyYes, Apple iPad minis are luxury goods
replyIf we remove the last year of AI-related storage/RAM cost increases, the rate of inflation is way lower if not flat.
replyThe iPad is not the only device that has had price increases in the last year.
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replyThe US is one of the wealthiest countries on earth, there’s nothing surprising about 50% of the population being able to afford luxury items.
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replyFuck off to reddit, you braindead consoomer.
replyYou're the kind of mindless drone that's impressed by gold leaf steaks.
You hit the wrong reply button pal
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