According to the U.S. Bureau of Labor Statistics, prices for admission to sporting events were 10.27% higher in 2020 versus 2016 (a $10.27 difference in value).
Between 2016 and 2020: Sporting events experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, sporting events costing $100 in the year 2016 would cost $110.27 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for sporting events was higher.
In the year 2016: Pricing changed by 3.37%, which is above the average yearly change for sporting events during the 2016-2020 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|