Is relative price all that relevant for hi-tech? (Score 1)

(Note: IANAEconomist)
Now i don't know how the US calculates its inflation rates but in the UK the inflation rates are calculated on a weighted basket of goods with gaming/leisure puchases weighted at less then 5% of the whole basket.

Inflation rates are designed to measure movement of prices throughout the whole economy. When you look at the cost of technical goods i'm sure they won't follow the global trend increasing price. As the bank of england comment:

"Computer prices have tended to fall over time as new technology has made new models better and cheaper. Computer prices might fall whether overall inflation is 2.0% or 5.0%. Conversely, some prices such as those for household services, like plumbing, have tended to rise more quickly than the overall rate of inflation."

So overall your 500 pounds (or dollars) will buy you less now that it did 10 years ago, but it will buy you More computer than it did 10 years ago!