Reel-y Expensive
With the cost of just about everything going up, making us long for a simpler (read: cheaper) time, it got me wondering about the time-honored tradition of going to the movies. Obviously, the cost of a ticket to sit in the dark with a bunch of strangers has increased over the years, but by how much? And what does that translate to in today's dollar?
First, a few notes on how I compiled this information. I looked at average ticket price data from NatoOnline.org, but that hasn't always been consistently collected. For the years where there is missing data (noted with an * next to the ticket cost), I estimated them using linear growth between two known dates. So if 1943 was $0.25 and 1945 was $0.27, I estimated 1944 as $0.26. Okay, glad to have that out of the way.
Second, the cost adjusted for inflation was calculated using the U.S. Bureau of Labor Statistics online inflation calculator.
Lastly, I threw in the highest-grossing film and winner of the Academy Award for 'Best Picture' for each year. Just thought this would be fun to have. One thing to acknowledge here (before someone yells at me in the comments) is that while 'Best Picture' in spirit has been around since 1929, in name it's only been around since 1962. Before that, it was known as 'Outstanding Picture,' 'Outstanding Production,' 'Outstanding Motion Picture,' and 'Best Motion Picture.' But if we all agree not to make a fuss about the semantics, we can get right to it.