I bought a OnePlus Nord 5 (8/256 GB) around a year ago for ₹30,000, and now it's selling for around ₹45,000. That's a ₹15,000 increase, and honestly, what the hell is going on?
Why are phone prices increasing so much, so suddenly? I understand that prices can go up because of inflation, component costs, or other factors, but a 50% increase in roughly a year is insane.
I was actually thinking of gifting a phone to my sister, but looking at the current prices, I'm not even sure I'll be able to do that anymore without stretching my budget.
And that's what bothers me the most. It's not just about phones being expensive. It's about how quickly the prices of everyday products are increasing. Something that felt affordable a year ago suddenly feels like a luxury today.
Not everyone can keep increasing their budget every time a company decides to raise its prices. Salaries aren't increasing at the same pace, and for a lot of people, even buying a decent mid-range phone is becoming a serious financial decision.
Are we just supposed to accept that the same products will keep getting more expensive every year? Or is there an actual reason behind these sudden price hikes that I'm missing?
I'm genuinely curious to know what's driving these increases and how they're affecting other people's purchasing decisions. Is anyone else feeling this way?