According to the U.S. Bureau of Labor Statistics, prices for admissions were 8.41% higher in 2020 versus 2016 (a $1.68 difference in value).
Between 2016 and 2020: Admissions experienced an average inflation rate of 2.04% per year. This rate of change indicates significant inflation. In other words, admissions costing $20 in the year 2016 would cost $21.68 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for admissions was higher.
In the year 2016: Pricing changed by 3.31%, which is above the average yearly change for admissions during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for admissions was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Admissions:
Below are calculations of equivalent buying power for Admissions, 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|