Quote:
Originally Posted by wgrimm
BTW, back in the 70s I used to pay 7 bucks or less for an LP. When cd's came out, that price jumped to 15 or 20, and prices are still high, given manufacturing and distro costs. If I buy a cd at a place like Meijer's, it's usually $14.99 or $15.99.
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But $15 in today's money is approximately half the "real value" of what $7 was in 1975. Here's a handy "Inflation Calculator" for US prices:
http://www.westegg.com/inflation/
If you plug some numbers into that, you'll see that something which cost $7 in 1975 would cost approximately $27 today, if the price had kept pace with inflation. In real terms, CDs today are something like half the price of LPs in the '70s.