Feeds

Computer prices down 8.1% per year … since 1984

Computer and mobile phone now a “relative necessity” for Australian households

Gartner critical capabilities for enterprise endpoint backup

The price Australian consumers pay for audio visual and computing products has fallen an average of 8.1% every year since 1984, according to the new AMP.NATSEM Income Report.

The new report (PDF), titled Prices These Days – The cost of living in Australia, says audio visual and computing products are one tenth of their 1984 prices. The report uses Australian Bureau of Statistics (ABS) data to make that assertion, and notes that the rapid pace of change in technology means comparisons can be hard over 28 years.

But the report also notes that computing and communications devices are becoming more important to Australians, and consuming more of the household budget.

Again leaning on ABS data, the report says computers, mobile phones and a CD player are all ”relative necessities” for Australians. That means a PC and mobile are of less important necessities like housing, food, energy and public transport, but of greater priority than discretionary items include booze, smokes, food someone else cooks and holidays.

Natsem Data on household IT spend

The report also notes that despite audio visual and computing products experiencing more deflation than any other category of goods, Australians spend more on them than ever before as a proportion of the household budget. The report does not divulge exact spending levels, but the graph above shows the trends.

The overall conclusion of the report is that current Australian political debate discourse focussing on curbing cost of living increases does not reflect market realities, as “price inflation in Australia and living costs appear to be relatively benign and have been for the past two decades.” Incomes have generally risen and “The average family is ahead by $224 per week ...”

Perceptions of higher living costs, the report concludes, are largely derived from the fact that Australians are now “spending more money on a whole range of new goods and, in particular, services that are either aspirational in nature or necessary in dealing with the demands of a modern society.” ®

The essential guide to IT transformation

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.