Stackmore on Nostr: A type of inflation that is never considered is inflation in variety of goods and ...

A type of inflation that is never considered is inflation in variety of goods and services as well as lower depreciation times of goods.

Ex: Rotary dial phones, you would get one and didn’t have to change it for long years. They would also cost under 5% of current smart phones. New devices depreciate in battery, technology and etc.



Similarly with household goods such as refrigerators etc, they used to have copper wires wrapped around their motors. Nowadays aluminum wiring is used and it’s life cycle is much lower. So you need to change your household goods which are under the category of ‘durable’ goods much more frequently.