Vinyl records, recognized as the most popular format in the music industry, have returned to the inflation basket UK After 32 years old due to its popularity in the 21st century.
The information comes from Office for National Statistics (NOS) which, in addition to publicizing the news, took the opportunity to announce the exclusion of other items from the basket, such as bottles of alcohol, sofa beds AND roast chickens.
All this change is part of an annual review of consumer goods and services in the country. Office for National Statistics with the aim of observing the purchasing habits of the British public.
“The basket often reflects the adoption of new technologies, but the return of vinyl records shows how the cultural renaissance can influence our spending,” explains Matt Corderdeputy director of pricing at ONS. “We are also seeing the impact of the pandemic disappear from the basket as hand sanitisers are withdrawn due to decreased demand.”
The format vinyl has become one of the major players in the music industry of this century. The public’s interest in purchasing the product reached an interesting level in 2022: according to information from the site specializing in the Vinews format, cookies were already 73% of what was physically sold in the North American market.
In total, revenue from cookies resulted 570 million dollars (From R$3 billion at the current exchange rate). This represented a robust growth of 22% compared to 2021 results.
Artists of the new generation like it Taylor Swift AND Olivia Rodrigoin addition to classic names like Pink Floyd, Beatles AND Rolling stones have contributed to making the format one of the protagonists of the music market.
Source: Terra
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
