According to the U.S. Bureau of Labor Statistics, prices for admission to sporting events are 7.16% lower in 2022 versus 2020 (a $7.16 difference in value).
Between 2020 and 2022: Sporting events experienced an average inflation rate of -3.65% per year. This rate of change indicates significant deflation. In other words, sporting events costing $100 in the year 2020 would cost $92.84 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.26% during this same period, inflation for sporting events was significantly lower.
In the year 2020: Pricing changed by 4.30%, which is significantly above the average yearly change for sporting events during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for sporting events was much higher.
Below are calculations of equivalent buying power for Sporting events, over time, for $100 beginning in 2020. 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 sporting events: