Theatre and live music prices rise as inflation remains at 8.7%
Increases in the cost of theatre and live music performances have contributed to record inflation rates for recreation and culture, Office for National Statistics (ONS) figures show.
Data published today by the ONS shows the UK's inflation rate stayed at 8.7% in May – the same rate as in April – and down from a peak of 11.1% last year.
The ONS said that while falling prices for motor fuel was one of a number of areas that contributed to downward pressure on inflation, this was counteracted by increases in others.
It cited rising prices for recreational and cultural goods and services as being among the "largest upward contributors".
The annual inflation rate for this category in the year up to May 2023 was 6.8%, up from 6.4% in April.
It represents the highest level of inflation for recreational and cultural goods and services since the ONS began recording figures in their current format in January 2006. The last time it was higher was in August 1991 when annual price rises were recorded at 7.2%.
The ONS has attributed some of the rise to cultural services, where average charges for live music events and theatre admissions rose this year having fallen a year ago.
Join the Discussion
You must be logged in to post a comment.