Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Infographic: the changing face and price of technology


Click for big version.

From typewriters to tablets – the changing face and price of technology – Media release

Entertainment options in the home have come a long way from sing-alongs in the 19th century. Today we have flat-panel TV sets, home theatre systems, and tablet computers.

“As our entertainment options have changed over the past 60 years, so have the electronic gadgets tracked in the consumers price index (CPI),” Statistics New Zealand prices manager Chris Pike said.

Radio was first included in New Zealand’s CPI basket of goods and services in 1949. At that time, tuning-in was not cheap. The average price of a radio was about £21, or about $1,460 in today’s terms (September 2012 quarter) after allowing for general inflation. The cost of radio licensing was £1 and 5 shillings annually (about $87 in today’s terms).

Another common type of entertainment technology in most homes is the television. It too has changed a great deal from when it was first introduced to New Zealand in 1960.

“TV became an instant hit with households and by 1965 nearly 315,000 TV sets were licensed in New Zealand,” Mr Pike said.

In 1965, the average price of a 23-inch black-and-white consolette TV set was about £138 ($5,120 in today’s terms) while the cost of an annual TV licence was £6 and 10 shillings a year ($240 today).

Colour TV sets were added to the basket in 1975, at an average retail price of about $840 ($7,950 in today’s terms) for a 26-inch set.

In 2006, flat-panel TV sets with LCD or plasma displays were added to the CPI basket. A 32-inch LCD-display TV retailed at about $2,750. The same size TV in the September 2012 quarter would have cost about $680.

In recent times, leisure activities at home have evolved to include browsing the Internet, exchanging emails, and playing computer games,” Mr Pike said.

Before computers, we used typewriters for writing letters and reports. Typewriters were included in the CPI basket in 1977, when the average price was $175 (about $1,030 today).

Personal computers were added to the CPI in 1988 when the average price of a basic home computer was about $1,290. Five years later the average price for a personal computer had increased to $2,560, but these computers had more features than the home computers of the 1980s.

Our infographic Electronic gadgets in the CPI shows prices at the time gadgets were first tracked in the CPI.

For further information about electronic gadget prices, read the January 2013 issue of the Price Index News.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news