Some ticket prices increase by up to 100%

0

Going out isn’t just less common these days, it’s also a lot more expensive.

In general, the prices consumers pay for goods and services recently recorded their largest year-over-year increase since 1982.

Gasoline prices alone are up 58.1% over the past year, and that’s just to get where you’re going.

A table for two isn’t what it used to be. Restaurants, which have been under pressure since the very start of the pandemic, are charging more for meals to combat staffing issues and rising food costs.

Most have had to raise wages to attract workers in addition to paying more for ingredients, which means menu prices are a bit different now.

Learn more about personal finance:
10 things that will be more expensive in 2022
How much to tip in a post-pandemic world
Americans say they need to earn $122,000 to feel safe

Overall, the cost of dining out has risen 6% over the past year, also the biggest jump since 1982, according to the U.S. Department of Labor (although the cost of dining at home rose again faster).

A trip to the cinema still costs about the same as before the Covid pandemic, according to the National Association of Theater Owners. At just under $10 per person, it might also be the best deal.

The cost to attend almost all other events, on the other hand, is on the rise.

In 2019, seeing an artist in concert would cost you around $96 on average, but this year’s ticket prices are set to set an all-time high when Billie Eilish, Coldplay, Justin Bieber, John Mayer and the Weeknd hit the road.

If sports are more your thing, NBA and NHL tickets cost around $94 per seat, on average, according to data from SeatGeek, while the average ticket to an NFL game, not including playoff games , costs even more — around $151, SeatGeek found. If you can score one at all.

In the secondary market, where many of these tickets are bought and sold, the average resale price per ticket has jumped about 28% for sporting events and about 45% for concerts since the start of the pandemic.

The average resale price of an NFL ticket, for example, has gone from $198 to $237.

For art lovers, it’s a similar story.

The Metropolitan Museum of Art in New York, home to one of the largest collections in the world, once offered a “suggested donation” to attendees, which is now limited only to New York state residents and college students. tri-state area. All other visitors must pay $25 for a general admission ticket.

Other museums, including the The Museum of Modern Art in Fort Worth and the Crocker Art Museum in Sacramento, Calif., have raised ticket prices by at least 50%, according to a report by coupon and deals site DealA, which has compared the price of an adult general admission ticket last month to prices in 2017.

Ticket prices for other attractions also hard hit by Covid restrictions have risen much more – up to twice what they were before the pandemic, DealA found.

Going to Funland amusement park in Rehoboth Beach, Delaware, for example, now costs $30, up from $15 just a few years ago. Dollywood in Pigeon Forge, Tennessee; Sesame Place in Bucks County, Pennsylvania; and Santa’s Village, New Hampshire’s Christmas theme park, increased admission prices by 22%, 29% and 50%, respectively, over the same period.

Subscribe to CNBC on YouTube.

Share.

Comments are closed.