According to the U.S. Bureau of Labor Statistics, prices for admission to movies, theaters, and concerts are 15.90% higher in 2022 versus 2016 (a $3.18 difference in value).
Between 2016 and 2022: Admission to movies, theaters, and concerts experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, admission to movies, theaters, and concerts costing $20 in the year 2016 would cost $23.18 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for admission to movies, theaters, and concerts was lower.
In the year 2016: Pricing changed by 3.62%, which is above the average yearly change for admission to movies, theaters, and concerts during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for admission to movies, theaters, and concerts was higher.
Below are calculations of equivalent buying power for Admission to movies, theaters, and concerts, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Admission to movies, theaters, and concerts: