True, but 1% metal films are about as good as you can commonly get cheaply in an axial package. In a chip package, you can get .5% about as cheap. Chips go even more precise (.1%, .05%, .02%), way more precise than the common axials, but it gets progressively more expensive. By the time you get to .02% they're horribly expensive.
FWIW, Yageo 1% axial metal films and Susumu 0.5% 0805 thin film chips are what I keep in my stock bins.
SMT capacitors is where we can really talk about both price and performance benefits over their leaded brethren, but that is for another thread