According to the U.S. Bureau of Labor Statistics, prices for admission to movies, theaters, and concerts were 16.90% higher in 2020 versus 2013 (a $3.38 difference in value).
Between 2013 and 2020: Admission to movies, theaters, and concerts experienced an average inflation rate of 2.26% per year. This rate of change indicates significant inflation. In other words, admission to movies, theaters, and concerts costing $20 in the year 2013 would cost $23.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for admission to movies, theaters, and concerts was higher.
In the year 2013: Pricing changed by 1.06%, which is below the average yearly change for admission to movies, theaters, and concerts during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), inflation for admission to movies, theaters, and concerts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Admission to movies, theaters, and concerts:
Below are calculations of equivalent buying power for Admission to movies, theaters, and concerts, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|