Vinyl

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Emperor

Vinyl records return to UK inflation basket for first time since 1992 (www.theguardian.com)

submitted 8 months ago by Emperor to c/vinyl

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Not since Simply Red’s album Stars topped the albums chart in 1992 have vinyl records been included in the basket of goods used to calculate annual inflation, but a rise in sales over recent years has brought them back as a marker of UK shop prices.

The Office for National Statistics (ONS) said the “resurgence of popularity” in vinyl records meant they should be included among the 744 items used to calculate inflation each month, in its latest annual shake-up of the basket.

Sales of vinyl were given an extra push in the UK last year by Taylor Swift’s album 1989 (Taylor’s version), which was the biggest-selling vinyl record, while the Rolling Stones’ Hackney Diamonds ranked as the highest-selling vinyl record by a British artist.

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[–] Emperor 2 points 8 months ago

It does seem a bit odd because the sales are being driven by temporary factors like Taylor Swift's album. However, as they also included, and now removed, hand sanitiser they aren't against this kind of thing, although I wonder how well the constantly shifting contents of the "basket" can properly measure inflation.