© Shutterstock.com
Commitment to our readers
The Gobanking Council's editorial team is obliged to bring you impartial reviews and information. We use data -controlled methods for evaluating financial products and services – Our reviews and reviews are not influenced by advertisers. Further information on our editorial guidelines and our methodology for checking the products and services can be found in the methodology.
20 years
Help you live, richer
Trust from
Millions of readers
Despite the continuing increase in living costs due to inflation in the past two years, certain goods and services have become more affordable, which offers consumers exhaustion. While inflation generally pushed prices upwards, factors such as technological progress, a higher offer and the market competition in various sectors have reduced prices.
Here are some surprising articles in which significant price reductions were found.
1. Smartphones
In the past five years, smartphone prices have dropped and from over 318 US dollars in 2021 to $ 287 in 2024. Improved production efficiency, a growing market for renovated models and increased competition between the manufacturers have contributed to this decline. Consumers now have access to progressive technologies at lower prices and make high-end smartphones more affordable than ever. However, it is unlikely that such a trend will take.
2. TV
The television prices have dropped dramatically so that consumers can buy a 32-inch TV for less than $ 100. This significant reduction is promoted by a increased competition by brands such as TCL and hisense, progress in manufacturing technologies and the rise of Smart TVs that achieve revenue through data acquisition. According to CNN, according to CNN, according to CNN, according to CNN, according to CNN, have reduced the costs and at the same time improve the quality and make advanced televisions more accessible than ever.
3. Solar modules
According to the conference committee, prices for the solar panel have dropped dramatically in the past ten years, with the production costs of 5 USD per watts dropped to less than $ 0.25 in 2023. This severe decline is driven by technological progress, increased competition and supportive government policy, solar energy to make the cheapest electricity source in many areas and to pave the way for a greener, more sustainable future.
4. Used cars and trucks
According to CNBC, the average price for used cars has dropped considerably because the market stabilizes. After the new vehicle production has been taken up, the high premiums for used cars have subsided during the chip lack. Improved supply chains and rising stocks have made reliable transport more affordable for consumers. However, some experts warn that this trend of falling prices may not take much longer.
5. Smart Home Assistant
According to Grenton Smart Home, the growing introduction of smart home devices has led to lower prices for voice-controlled assistants such as Amazon Echo and Google Nest. Increased production, technological improvements and increased competition have made the Smart -Home automation more affordable. Consumers can now integrate voice -activated lighting, security and entertainment into reduced costs into their houses.
6. Sports goods
The price of sporting goods has decreased, which makes fitness and leisure equipment more affordable. The increased market competition, the improvement of the supply chain and the shift in consumer demand have contributed to these reductions. Regardless of whether shopping for training equipment, outdoor sports equipment or sports clothing, now a good time to use lower prices.
7. Mobile phone services
Unlimited conversation, text and data plans are now more affordable thanks to progress in network technology and intensive competition between the airlines. Prepaid options and family or multi-line discounts have also contributed to reducing the total costs for consumers. In addition, bundled offers and advertising offers have made a high -quality mobile phone service accessible to make a fraction of what they used to do, so that more people are reliably connected without breaking the bank.
8. Electric vehicles (EVS)
The cost of electric vehicles has decreased when mass production improves and the battery technology improves, according to the New York Times. Government incentives and increased competition between car manufacturers such as Tesla, Nissan and Chevrolet have made EVS more accessible. Lower prices and growing charging infrastructure encourage more consumers to consider electric vehicles to be seen as a sustainable alternative to conventional petrol cars.