According to the U.S. Bureau of Labor Statistics, prices for admission to sporting events were 12.73% lower in 2021 versus 2016 (a $12.73 difference in value).
Between 2016 and 2021: Sporting events experienced an average inflation rate of -2.69% per year. This rate of change indicates significant deflation. In other words, sporting events costing $100 in the year 2016 would cost $87.27 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.74% during this same period, inflation for sporting events was significantly lower.
In the year 2016: Pricing changed by 3.37%, which is significantly above the average yearly change for sporting events during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for sporting events was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Admission to sporting events:
Below are calculations of equivalent buying power for Sporting events, over time, for $100 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|