Quote:
Originally Posted by joldnol
We were in Paddock Sq Mall today and I went into FYE out of curiosity as to how they stay open in this age of streaming music and digital downloads. Most of the store is now geared toward merchandise dealing with video games. I resurrected my turntable when we moved here and we have been enjoying my albums from 25 to 40 years ago. I saw a rack of new vinyl LP's and walked over to check them out with the serious intent on picking up a couple of LP's. Jimi Hendrix "are you experienced" was at eye level and I thought "score". Then I saw the price.......25.99. When I looked at others, they were as high if not higher. Even with inflation factored in this seemed pretty steep. Needless to say I kept on truckin'
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According to the Bureau of Labor Statistics inflation calculator, a 25.99 album today would have cost $3.66 in 1967 which was about what albums cost back then.
It's not that things have become more expensive, it's that the value of your dollar as gone down, another way of looking at inflation.
Inflation Calculator: Bureau of Labor Statistics
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