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[Help] Really quick throwaway maths question (I'm useless)

















Seagulls over Essex

New member
Jun 4, 2004
1,117
Leigh-on-Sea
Got a "U" in maths, and all my mates are thick too



Phantom of the Opera, centre stalls seat 2004. 27 piece orchestra, original production - £45. Adjusted for inflation, £70.66 in 2020. Programme £3.

Phantom of the Opera, centre stalls seat 2021. 14 piece orchestra, "new" production - £89.50.
Programme price TBC.

Inflation averaged 2.9%, a like-for-like ticket increased in price by 26.6%.

This is a 23.7% increase above inflation.


Is this correct?

It depends what theatre it's on at.
 


Bob!

Coffee Buyer
Jul 5, 2003
11,159
Got a "U" in maths, and all my mates are thick too



Phantom of the Opera, centre stalls seat 2004. 27 piece orchestra, original production - £45. Adjusted for inflation, £70.66 in 2020. Programme £3.

Phantom of the Opera, centre stalls seat 2021. 14 piece orchestra, "new" production - £89.50.
Programme price TBC.

Inflation averaged 2.9%, a like-for-like ticket increased in price by 26.6%.

This is a 23.7% increase above inflation.


Is this correct?

Just get a Season Ticket for The Albion mate.

Hopefully the dates will clash and you'll have a ready made excuse for avoiding Phantom.
 








warmleyseagull

Well-known member
Apr 17, 2011
4,228
Beaminster, Dorset
Got a "U" in maths, and all my mates are thick too



Phantom of the Opera, centre stalls seat 2004. 27 piece orchestra, original production - £45. Adjusted for inflation, £70.66 in 2020. Programme £3.

Phantom of the Opera, centre stalls seat 2021. 14 piece orchestra, "new" production - £89.50.
Programme price TBC.

Inflation averaged 2.9%, a like-for-like ticket increased in price by 26.6%.

This is a 23.7% increase above inflation.


Is this correct?

No, because you are confusing averages with absolute numbers. Not quite sure of where 2.9% comes from, but it is irrelevant to the comparison you are trying to make. The only true way to compere is to compare the change in the prices index with the change in the ticket price over comparable period.

The Consumer Prices Index in Jan 2004 stood at 75.8; in January 2020 it was 108.2, so prices have increased generally by 42% in the 16 year period (the average CPI for each year is similar to Jan figure) so if Phantom prices had merely kept pace with inflation the ticket price should be about £64.
 






Eeyore

Colonel Hee-Haw of Queen's Park
NSC Patron
Apr 5, 2014
23,759
I think folk forget it is 2.9% per year, and that the calculation is based on each new yearly figure and not the original figure.
 




Washie

Well-known member
Jun 20, 2011
5,600
Eastbourne
But it's a different show, yes it's still PotO, but different orchestra, different cast and probably some script changes as it's a 'new production. So the inflation is the only factor in the price change.

Sent from my SM-G781B using Tapatalk
 




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