Question for anyone.

I've always been at a quandry when someone makes reference to adjusting a commodity price for inflation.

When one used to discuss inflation, it was always how rising commodity prices caused inflation. NOT how commodity prices should be adjusted for inflation.

Since they are supply/demand markets, wouldn't that be somewhat akin to attempting to adjust the price of a pocket calculator for inflation? Y'know, how in 1973, a Bomar would sell for around a couple hundred bucks and today, if you carefully shop, you can get three for a dollar.

Now, adjusting pocket calculators for inflation (remember those early seventy models didn't even have a square root key, much less a memory).

So, can someone explain adjusting the price of a raw commodity for inflation? If so, then I'll heavily invest in pocket calculators.

Anyone?