Admissions price inflation, 2023→2024

Admissions Inflation Calculator

Prices for Admissions, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for admissions are 4.99% higher in 2024 versus 2023 (a $1 difference in value).

Between 2023 and 2024: Admissions experienced an average inflation rate of 4.99% per year. This rate of change indicates significant inflation. In other words, admissions costing $20 in the year 2023 would cost $21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for admissions was higher.

In the year 2023: Pricing changed by 6.80%, which is above the average yearly change for admissions during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for admissions was higher.

Price Inflation for Admissions since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1979 (8.10%), 1989 (7.89%), and 1983 (7.04%).

View price changes for other categories
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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Admissions, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	6.80%
2024	$21.00	4.99%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Admissions:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	69.500	73.192	79.123	83.800	87.915	93.362	99.938	106.685	112.792	117.862	124.362	131.062	141.408	151.169	159.285	164.508	167.338	175.162	182.254	192.131	198.931	205.538	216.531	230.477	242.423	251.354	263.185	272.854	282.277	291.900	303.788	312.328	317.769	322.810	324.997	332.126	336.220	341.936	354.121	365.831	374.784	381.581	389.227	396.579	395.572	412.075	440.113	462.063

Adjust admissions prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Admissions was 440.113 in the year 2023 and 462.063 in 2024:

462.063 / 440.113 * $20 = $21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $21 in 2024 (in the CPI category of Admissions).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Admissions in 1977. In addition to admissions, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.