Prices for vinyl are insane and continue to go up.
Of course they continue to go up.. EVERYTHING continues to go up. Been to the grocery store lately? However, the prices are not "insane."
50 years ago an LP cost around $7-8. In 2025 dollars that is about $42-48.
Most new releases sell for less than $42, so records are actually cheaper today then they were 50 years ago.

