There is not a big difference in the price from the 1st year and the price in the 2nd year. It increased by 1.1%, which is not that much.
But when you think of it, a student probably wouldn't buy 6 ice creams a week, maybe 1, he wouldn't buy an iPad, or even a bike every week either so the percentage increase increases.
You're right, it's the iPad. If you buy and iPad every week, and iPads go down in value, your personal CPI would actually go down year to year. We need to think about how much "weight" we give to the iPad over other consumables - we'll touch on this in class.
ReplyDelete