Yes, inflation has come for tech products, too

For many, this summer has been the season of inflation. After fuel prices spiked earlier this year (and have only slowly started to come down), it seems like everything we had to pay for suddenly became more expensive. Outside of the gas station, this is most likely felt at the grocery store, where staples like bread, pasta, vegetables, and other consumables all cost more now than they did a year (or even just a few months) ago.

Inflation has also impacted the price of tech products, like smartphones and laptops, but it can be harder to spot. Unlike food or other consumables, technology products have a long production cycle, often taking 18 months or more to go from an idea to a store shelf. Many companies set a product’s target price at...

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