Tweet [1]
The iPod is five years old today [2]. When it first came out, it held 1000 songs and cost $399. Today, for $349, you get 20,000 songs. It can also display videos and photos. It’s smaller, too. So it’s $50 cheaper and more than 20 times better.
I wonder how the BLS handles this [3] when it calculates the CPI.