According to the U.S. Bureau of Labor Statistics, prices for admission to movies, theaters, and concerts are 12.70% higher in 2022 versus 2017 (a $2.54 difference in value).
Between 2017 and 2022: Admission to movies, theaters, and concerts experienced an average inflation rate of 2.42% per year. This rate of change indicates significant inflation. In other words, admission to movies, theaters, and concerts costing $20 in the year 2017 would cost $22.54 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.09% during this same period, inflation for admission to movies, theaters, and concerts was lower.
In the year 2017: Pricing changed by 2.57%, which is above the average yearly change for admission to movies, theaters, and concerts during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. 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: