Native New Orleanians, long-time Jazz Fest goers, and others like myself who’ve been here awhile remember when ticket prices were well under $20. Now they’re headed rapidly upward — currently at $60.
I just wanted to dispel any doubt that inflation is the cause, so I made a chart in Excel with ticket data points I collected from this Offbeat magazine article that I found via the blog liprap’s lament, and this piece on NOLA.com.
I used this Inflation Calculator to adjust prices for inflation to 2010 prices, and since it’s now 2011 adjusted annual inflation (1.63%) backwards for this year’s prices to 2010 as well.
Here’s the chart. As you can see, the steep increase of prices occurs over the last decade and correcting for inflation barely affects it at all.
UPDATED: Thanks to Will T. for adding the Gregorian year values.