Coxno Exchange|The sports ticket price enigma

2025-05-03 20:59:31source:Polarmoon Wealth Societycategory:My

We love inflation data. Not just the headline inflation rate,Coxno Exchange but also the line items. The Bureau of Labor Statistics tracks thousands and thousands of items. Generally, things are getting more and more expensive because of the unusually high inflation the United States is currently experiencing.

But there's an inflation curveball. One line item on this past October's Consumer Price Index (CPI) appeared to be getting cheaper. Its official Bureau of Labor Statistics name is "Admission to sporting events."

Sports tickets were down 17.7 percent year over year. And have been down for months.

Which is odd, because attendance for lots of sports has been going up. With fears about the pandemic on the wane, sports fans have started coming back to stadiums in droves.

And although the BLS meticulously reports on the prices of consumer goods and services, they don't speculate on why items have the prices they do.

So, we took matters into our own hands. Kenny Malone and Robert Smith set out to hypothesize why ticket prices deflated. They visited as many sporting events in one day as possible to try to get to the bottom of this anomaly.

This episode was produced by Dave Blanchard and mastered by Andie Huether. It was edited by Keith Romer. Jess Jiang is Planet Money's acting executive producer.

Music: "Les Fanfarons," "End Zone," and "Crazy Jane."

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts

Find more Planet Money: Twitter / Facebook / Instagram / TikTok our weekly Newsletter.

More:My

Recommend

Toyota to invest $922 million to build a new paint facility at its Kentucky complex

GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 mil

Is there life on another planet? Gliese 12b shows some promise. | The Excerpt

On a special episode (first released on Wednesday, June 26th) of The Excerpt podcast: The age-old qu

Italian appeals court reduces sentences for 2 Americans convicted of killing policeman

An Italian appeals court on Wednesday upheld the convictions of two American men in the slaying of a