This is a topic that has come up several times in comments on various posts, but for those who haven't seen those I thought I'd make it a post. (I assume there are people who sometimes read the posts but not the comments.)
I mentioned a while back that although I applaud the revival of the vinyl LP I'm not personally in that market--well, not counting my recent purchase of two used Joni Mitchell albums, committed because her albums were so beautifully packaged. I had not paid much attention to the whole thing till some months ago, when I was in a Barnes & Noble and was shocked by the price of new LPs--$25 and up, it seemed.
Rob G, in a comment a few days ago, pointed out that those prices are actually not at all out of line if inflation is taken into account, and provided a link to an inflation calculator.
To the best of my memory the first LP I bought with my own money was Ian and Sylvia's self-titled first album. That would have been in either 1964 or '65. I paid either $3.98 or $4.98 for it, in a little record shop that was just around the corner from the courthouse square in Athens, Alabama. The prices were either $3.98 for mono and $4.98 for stereo, or $4.98 and $5.98. I bought the mono (I still have it, and it's still a good album).
So here's what I would pay today (click on the graphic if you can't read the numbers):
Of course everything is stereo these days. But however you tweak the comparison, $25 or so is not a bad deal at all. It shocks me a little that I was willing to pay that much in real dollars for an LP. I was probably sixteen years old and can assure you that I did not have very much money.
Speaking of LPs, I recently came this close to buying the Innocent Mission's Sun on the Square on vinyl. I wanted the tangible object, because the Innocent Mission's lyrics are crucial, but sometimes hard to understand. Also, the artwork on their albums is usually beautiful. On Bandcamp, the CD is $12.99, and the LP is $20. I kept thinking how nice it would be to have the large-format art and lyrics, but just couldn't bring myself to spend $20. So I put the CD on my Amazon wish list, thinking that if someone gave it to me for Christmas that would be great, but if they didn't I would buy the LP. Someone did.
I haven't really gotten to know the album yet, but the song "Green Bus" is already one of my favorites among their work. Here they are on Tiny Desk. "Green Bus" is the second song.
Dang it, how and why does Karen Peris manage to get me all teary-eyed so frequently?