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Kenny and Robert learned a lot about tickets (and skepticism) at Madison Square Garden.
Robert Smith/NPR
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Robert Smith/NPR
Kenny and Robert learned a lot about tickets (and skepticism) at Madison Square Garden.
Robert Smith/NPR
We like inflation data. Not just the overall inflation rate, but also specific items. The BLS tracks thousands of items. Generally speaking, things are getting more expensive because of the unusually high inflation rates that the U.S. is experiencing right now.
But inflation is a problem. One of the items in the Consumer Price Index (CPI) that the Bureau of Labor Statistics formally calls “sports tickets” appears to be falling in October.
Sports Tickets It is down 17.7% year-on-year, and has been falling for several months in a row.
That’s odd because many sports are seeing increased attendances, and as fears about the pandemic fade, fans are beginning to return to stadiums in droves.
Although the BLS reports meticulously on the prices of consumer goods and services, they do not speculate on what causes the prices of goods.
So we decided to take matters into our own hands. Kenny Malone and Robert Smith began to speculate on the reasons for the drop in ticket prices. They visited as many sporting events as they could in a single day to try to find the source of this anomaly.
The episode was produced by Dave Blanchard and mastered by Andie Huether. Keith Romer edited it. Jess Jiang is acting executive producer for Planet Money.
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