Looking up the source, they state: “At the turn of the century, a flat screen TV would cost around 17% of the median income of the time ($42,148). In the early aughts though, prices began to fall quickly. Today, a new TV will cost less than 1% of the U.S. median income ($54,132).”
So a Flat screen TV used to cost around $7165, and does now cost around $541, which is about 7.5% of the original value.
That means a deflation by 92.5%.
This is a valuable way of seeing how prices have changed in different ways for different categories, just since 2000.
Why are TV’s listed as “100% cheaper”? I’m a little confused about that number.
Looking up the source, they state: “At the turn of the century, a flat screen TV would cost around 17% of the median income of the time ($42,148). In the early aughts though, prices began to fall quickly. Today, a new TV will cost less than 1% of the U.S. median income ($54,132).”
So a Flat screen TV used to cost around $7165, and does now cost around $541, which is about 7.5% of the original value. That means a deflation by 92.5%.