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Who Is Telling The Inflation Truth? The Government Or Mickey Mouse
Originally posted at The National Inflation Asscoiation,
The Walt Disney Company announced yesterday that it has significantly raised the price of a single-day admission ticket to Magic Kingdom at Walt Disney World in Lake Buena Vista, Florida. Last year, Disney sold Magic Kingdom tickets for $99, which was up 4.21% from $95 in 2013. Disney announced yesterday that Magic Kingdom single-day admission tickets will now cost north of $100 for the first time in history – with ticket prices increasing by a shocking 6.06% from last year to $105.
Take a look at NIA’s brand new exclusive chart below of Disney’s shocking Magic Kingdom Ticket Price Inflation over the past 45 years compared to the official rate of U.S. price inflation based on the consumer price index (CPI) published by the U.S. Bureau of Labor Statistics (BLS). Disney’s 2015 Magic Kingdom Ticket Price Inflation Rate of 6.06% is the 2nd highest of the past 9 years and 4th highest of the past 24 years!
Disney has now announced a shocking 27 consecutive annual price increases for Magic Kingdom single-day admission tickets. In fact, for the 18th straight year – Magic Kingdom Ticket Price Inflation has exceeded the latest annual rate of U.S. price inflation based on the BLS’s CPI.
Disney’s 2015 price increase of 6.06% is an unbelievable 8.96X higher than America’s latest official full year price inflation rate of only 0.68%! For comparison, NIA has just created and published for you below an exclusive must see chart, which displays the ratio between Disney’s Magic Kingdom Price Inflation and the BLS’s CPI Price Inflation. You will see that Disney’s 2015 Magic Kingdom price increase has exceeded the latest official rate of U.S. price inflation – by the largest ratio in history!
To create a smoother picture of the data above, NIA has created a 5-year moving average of Disney World Magic Kingdom Ticket Price Inflation vs. U.S. CPI Price Inflation – along with a ratio showing the difference between the two moving averages. Over the last 5 years, Disney’s Magic Kingdom Ticket Price Inflation has averaged 5.08%, which is TRIPLE the 5-year average official rate of U.S. price inflation – the largest differential between the two moving averages since 1988.
Beginning at the time of Disney World’s grand opening in 1971 when Magic Kingdom tickets cost only $3.50, Magic Kingdom ticket prices have increased at a compound annual growth rate of 8.04% – nearly double the U.S. CPI’s compound annual growth rate of 4.13%. The U.S. CPI no longer accounts for the cost of maintaining the same standard of living in America.
The Magic Kingdom Price Inflation Rate provides a much more accurate view of real U.S. price inflation.
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1971. Lemme see. What else also happened in 1971? It's on the tip of my tongue.
The debut of All in the Family.
Disney took food stamps instead of cash.
"who is telling the truth, the govt or mickey mouse"
You can rephrase that to say "who is telling the truth, the govt or _______" and more that likely you can insert almost any other entity and it will have more credibility
Mickey! at $105
Getting like golf and skiing
Yeah, but how do you put a price tag on measles?
Forever let us hold our inflation banner high.
You guys are missing an important point.. American's weight and waistlines have expanded at double the rate of inflation for 40 years, so Disney's increase in price makes perfect sense when you consider the damage to their rides from fatties.
Living in a well-guarded, well-managed, gated community with nothing but white people ain't cheap.
To the original question...
"Uhm..., Mickey."
Alright, Irish - American Mouse.
Sheesh, I can tell you right now they aren't going to go for it.
TforT reasoning using hedonics?! Really, on ZH?
BTW I'll take John Wiliams' ShadowGovernmentStatistics for inflation truth.
E-tickey? The one and only time ('79) that I was there, they sold tickets to get on the rides AFTER you entered the park. It was a total ripoff that we weren't expecting. Plus, it rained all day. It was God's way of telling us to stay the h#ll away. Decades before they decided to pay their qu**rs' health insurance. I'm guessing, from the chart, that they quit those tickets in '82 or '83. Measuring from there would be a little fairer comparison.
Master Card would just label it as "priceless."
I can't afford to do either, anymore.
I am old enough to remember when you could ski for a whole day for $14.
I remember going to Big Bear and spending $0 to ski.
I don't ski.
I bet the cost of food at the park has gone up faster than the cost of the ticket to get in. A family of 4 needs to take out a mortgage to go now.
I know a family of four who decided to go to Disney World even though they had long ago stopped paying their mortgage.
They had a great time; but the car was repo-ed the week they came back.
Go figure. Yay America!
Zombies.
That kind of planning would win them a gold star in our edumacation system.
And college (most of which get some sort of subsidies from the government) costs are soaring 2 or 3 times faster than Disney is.
But it's mostly girls going to college, so, there's that.
... in that case, expect the corrupt incompetent illegal alien muslim pathological liar in chief fudgepacker to come out any day with free obamyDisneycare....
Uhm, The Beatles broke up? 100,000's of Americans died in Vietnam? Amy Adams was born? Nixon went to Bohemian Grove only to realize its faggotry? Am I close?
Jim Morrison died.
gold standard died stupid
The NASDAQ started and a new Dodge Charger was only $3,579.
And I'll betcha I passed out a whole buncha times.
I vote for Mickey Mouse & Goofy in every election, for every candidate, straight ticket.
Mickey & Goofy FTW.
Also, pressure Bush or Clinton 2016 to nominate Scrooge McDuck as Chair of the Fed.
Mickey says to the Judge " I never said she was crazy, I said she was fucking Goofy"!
Yukon Cornelius for Treasury Secretary.
Goofy confirms that Minnie is an E ticket ride.
"Hell hath no fury like a crazy psycho bitch." Detective Holder, The Killing
Foghorn Leghorn for Press Secretary
Scrooge McDuck is Scottish and for reasons unbeknownst to me there has never been a Scottish Federal Reserve Chair.
.... the country needs another Bush or Clinton as much as it needs a third term with the liar in chief alien fudgepacker but count on the sheeple and FSA to hand it in 2016 to the "What difference at this point does it make!!!" murderer by negligence cow and her sexual predator "I did not have sexual relations with that woman" hubby...
BTW, "There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford and Son
I got laid for the first time. Thanks for remembering!
Me too. I was five.
looks like mickey's been fucking us....
my neighbor's mother makes $86 /hr on the computer . She has been laid off for 10 months but last month her pay was $21128 just working on the computer for a few hours. go to the website... www.globe-report.com
With tip I pay $6 for a micro in Portland. This and I'm still happy to do it haha!
With this economy we are all getting the TIP! Some prefer it more than others I assume.
This is what the tip feels like? Oh man, I'm gonna need more whiskey and lube before we're done...
Historical Prices of a 6 Pack of Beerhttp://www.craftbeeranalytics.com/our-blog/historical-prices-of-a-6-pack...
Obviously they are using Lucky Lager as their basis beer.
LL had/has bottle caps that contain rebuses...the more you drank the harder the rebus and the more likely to shit yourself within the next thirty minutes.
There isn't enough Tequila in the world that would make any of this feel fine. hehe
Yeah, because going to Disney should be a part of everyone's basket...
More accurate guage of inflation? Seriously, what dipshit lit major comes up with these articles? My god, people, have some fucking journalistic standards...
Goofy.
I heard that Mickey Mouse divorced Minne Mouse because she was fucking Goofy.
Mickey was revolted over Minnie & Daisy Duck's 2 girls and 1 cup video.
does mickey take EBT?
I grew up in Orange County about 10 miles from DLand. Back in the 70's, Disneyland issued a ticket book with A, B, C, D and the famous "E" tickets.
E tickets were the exciting rides like Matterhorn while As and Bs were the kiddie rides. We would stand outside the gate collecting unused tickets from visitors leaving the park. Then barter the tickets and trade-up.
Hence, the syaing... That X (fill in your experience) was an E ticket. like the guy getting laid first time - an E ticket baby!
NoVa
no....worse. the kiddie rides were B or C. The A tickets would only get you a trolley ride down main street, or something else singularly worthless.
the best disneyland times were when my dad's company would "buy" the park for an evening....you would get in at 8pm after the regular visitors were ushered out, and had free run of the park till 1am, no tickets needed and short lines.
You forgot to take into account the Hedonic adjustment.
Yep, you can get just as much entertainment at Wally World for only free dollars.
Could you imagine if Disney world only repurchased stock rather than invest in building new parks? The place is 10x bigger today than it was in 1971
Yes, far more MaGiCaL now that the fairy's get health insurance.
Double Post
One of those "Connection Reset" I keep getting more of.
$105 for a one day ticket... screw them!
That's the choice that capitalism, freedom and liberty give you. Nationalize the place, and attendance will be mandatory at whatever price they charge.
And Goofy becomes your in plan doctor.
no inflation unless you eat, drive (a little disinflation NOT deflation that we have seen last 6 months in oil), need to go to college, need a place to live (buy, rent) have to drive on parkways/turnpikes/overbridges/thrutunnels, need healthcare, go to themeparks/ballgames, want to do ANYTHING with your kids (i don't have them but i HEAR they are expensive), want to retire (ie. interest rate subsidy, dividend stocks being taken straight to the moon shoving ur retirement OUT ALOT). ummm, outside of that, i think we "SEE NO SIGNS OF INFLATION ANYWHERE!!!"
You're seeing DEFLATION in the prices of things you DON'T NEED - flat screen TV's, luxury cars, high end anything where manufacturing costs are dropping or there's more available than demand.
You're seeing INFLATION in the prices of things you DO NEED (or things you can't avoid paying) FOOD first and foremost, electricity, water, interest rates on credit cards, TAXES, any type of government FEE, FINES and any type of penalties collected by government
You can still buy houses reatively cheaply in mosty markets (IF you can get a mortgage) but RENTS have skyrocketed
This are classic precursors to hyperinflation. They've been exporting most of the inflation overseas so far but at some point it's coming home to roost. The $US may be the last currency to hit the ground but most are in freefall without parachutes. Just because you're the last to hit doesn't mean you're OK. Russia, China and ogthers are cutting their $US holdings - slowly because they don't want to see the value of their remaining holdings tank. But sooner or later the rest of the world is going to dump their dollars and when they do all those trillions held overseas will come rushoing back to the US to buy whatever they can. SOMETHING, ANYTHING of tangible value will be better than holding worthless paper. What do you think is going to happen to prices here in the US when all those dollars come rushing back here? The US is going to be bought up by foreigners paying far more than Americans are able to pay. Prices will go through the roof.
Disney is a kiddie park for pedophiles.
Go to Universal.
Was at Universal a bunch of years ago and they had escalators that went up the hill from where the rides and shit are...guy right behind us faints and starts tumbling down the escalator...I chase down to grab him so he doesn't smash his head. Damned near tumbled myself.
Was a fucking actor, meanwhile I had twisted an ankle, torn two knuckles and gashed my elbow.
I don't go to Universal.
Does it matter who's saying what? They're both in the business of getting the most from you. The only difference is that .gov tells you it doesn't hurt and DisneyCo has a whole storyline they sell you making you believe the pain is justified.
At least you get some entertainment out of Disney and its VOLUNTARY.
The main thing preventing the exponential rising costs of goods and services is automation. For instance, my company's earnings have tripled in 10 years, but we've only added 20% overhead.
I wonder what the CPI was on the starship Enterprise.
So in 1971, one ticket was worth 0.1 ounce of gold @35$.
Still about the same today. Who said that gold is not a store of value?
Actually, it's an E ticket that's a store of value.
Apples to oranges?
DW changed its admission ticket formula in 1982: http://en.wikipedia.org/wiki/E_ticket
So, chart is really only good from 1982 on.
good link - E ticket baby!
Seems to be related to energy. How much is the utility bill of Disney World?
They will line right up and pay no problem, no complaint!
I wouldn't go if they were paying $105.00. Being packed in with a crowd of booger eaters does not interest me.
Apropos fun-park:
In a world where 80 oligarchs own more than half of the world population it's kind of logical that more and more people remain onlookers.
Never enjoyed this experience during vacation in Brazil, India or Bangladesh?
O/T Rajendra Pachauri, co-chair of the IPCC stepped down today.
Looks like he had his own amusement park going on over there at the UN.
"Is it hot in here or is it you?" Climate Change indeed!
LOL! Warming, definitely bull warming. But 70+ years old? Religious, man!
Wasn't he the would-be soft porn author who also admitted making up data about the Himalayan glaciers melting?
He will be missed.
Being the chairman means the buck stops with him, and the Himalayan Glacier screw up was truly unfortunate. The following analysis helps give some insight to the IPCC process. In the end it helped improve the integrity of the Fifth Assessment Report.
Anatomy of IPCC's mistake on Himalayan glaciers and 2035:
http://www.yaleclimateconnections.org/2010/02/anatomy-of-ipccs-himalayan...
snipet from conclusion:
"The appropriate, understandable, and necessary brouhaha over the IPCC’s handling of the melting Himalayan glaciers conclusion comes in the wake of the comparatively far less serious (in terms of impact on actual climate science, if not popular perceptions) hacked e-mails fiasco. And of the disappointments with the Copenhagen climate summit. And of the shrinking prospects for significant legislative action on climate change from a weakened congressional leadership still reeling from the loss of its “veto-proof” 60-vote majority, a testy electorate, and nagging economic and unemployment woes."
=========
So there's that from ~6 years ago. And since you seem focused on this subject FrankDrakman, here's something you should watch regarding data adjustments etc. (It's current, directly addressing Telegraph etc.)
https://www.youtube.com/watch?v=_A3X8yRHfPg&feature=player_embedded
I believe you'll find if you use ALL of the analytical tools at your disposal the correlation between government spending and ticket costs at Disney ( a subsidised mind fuck media outlet).
My brother used to work for Disney many years back. As an employee, at the time, he could bring up to five guests in on his employee pass. We would go in, and when the park got crowded, we would leave, and just come back in the next day. The only thing that Disney forgot to do was raise the pay of the workers. The workers certainly didn't see those increases, but they should have. Disney's other trick was to always manage the hours of the employees to keep most part time, even before Obamacare kicked in, so as not to have to offer any full time perks. Good ol' corporate America. The Disney reality is actually the reverse of the Disney dream they market. But I always said that Disney should continue to raise the prices of the tickets as much as necessary, $125., $150., $200.00 or more if need be, to keep the park from being crowded. If capitalism is allowed to work, more worthy competitors would emerge, similar to Universal Studios, which does an OK job with their park. Eventually, it would all reach equilibrium: ticket prices amongst all would be reasonable, and there would be more entertainment and choices than ever.
My first job out of the Marines was working as a Baker at Disneyland in 1978.
Being poor, I basically lived in a van in the employee parking lot (used to be immediately in front of space mountain in Anaheim. Sleeping in a van on a paved parking lot in the summer while working nights was pretty miserable.) Back then all one needed to do was flash your Disney ID to take up to eight people in.
I'd hang out at the entrance waiting for a big family to show up. Walk up and say 'follow me, today is your day'. As long as they didn't give me money it was fine with Disney.
Got transferred to Disney World, met my spouse there as we would go to the entrance and do the same thing. (One of the best things of my evil other is her kindness to strangers.) The look in a yound dad's eyes as he realized just how much it would cost (in 1978) to get his entire family in...and we showed up...was the coolest thing.
Disney used to be a good place to work. They used to represent family and kids. Walt hadn't faced his first worm, Roy was in charge and there was still an innocence to the company. Micheal Isner changed the whole Disney culture for the worse back in the 80's.
Disney used to be a good place to work. They used to represent family and kids. Walt hadn't faced his first worm, Roy was in charge and there was still an innocence to the company. Micheal Isner changed the whole Disney culture for the worse back in the 80's.
Amen, brother.So what was the average wage in 1971?
Yes, the Disney price may have outpaced that wage increase, but is Disney a necessity?
I haven't had a raise in over 5 years, but I still live better then many third world countries. The only ones outpacing me are the illegal aliens and the really wealthy. In other words, the middle class is getting crushed as history repeats.
But I forgot that going to Disney was a right. I think it's in the Bill of Rights. /sarc
I made $1.80/hour at Disneyland.
You must have been a really bad pickpocket.
I wish I was that crooked. But I was just a baker.
Disneyland admission is not "inflation". Disney is a busines, not a national economy. Disney, like every other corporation, will set the price of its product at as much as the traffic will bear that is consistent with maximizing corporate profit. It responds only to the law of supply and demand. Apple is a similar commodity..getting rich by charging as much as sucker traffic will bear, despite other competing product on the market that performs every bit as well at a substantially lower price
You could be right.
But last year I forgot to get someone a present for Christmas. I looked through some boxes I had stored and found a box containing an elaborate outdoor frame with Christmas lights that I had bought at Target 8 years earlier. The price left on the box was only $10. That same set-up now would cost a minimum of $25.00. It shocked me into reality.
Oh, and in case you're wondering, they loved it!
compare with NFL ticket prices, and bear in mind that NFL makes money from media broadcasts.
again, the Law of Supply and Demand....price the product as the traffic will bear
Yes, but presumably Disney is just one entertainment choice in a galaxy of entertainment choices-- thus the rates they charge should reflect the price structure of the overall entertainment industry at large. While they are more expensive than their competition, they have been that way ever since they launched due to their industry leadership and unique appeal, so that has actually been a constant factor. All in all, their ticket prices are not a bad overall indicator of inflation.
Superior marketing. Theirs' is international while others' is simply regional. I've been to Busch Gardens, Williamsburg over and over thru the years. Yet, I live far enough away(300m) that I never see an ad for them.
eventually what will force rate hike is the bubble valuation of assets ...
Mooby the Golden Calf
https://www.youtube.com/watch?v=kgMiLYF-sM4
I just got back from Disney and paid $28.75 for 5 hotdogs – no drinks
a bargain price....compare with price of a hot dog at NFL games: http://www.statista.com/statistics/240017/price-of-a-hot-dog-in-the-national-football-league-by-team/
shudda gone here--
http://www.bratstop.com/
Were those hot dogs made of angus beef???
reprocessed pink slime
if disney has decided a 105 dollar ticket is good for business then the economy is not doing so bad.
Mickey Mouse or Government?
Both have someone else putting words into their mouths.
Mickey Mouse's message is "we'll entertain you for money," while the government's is "we'll entertain you while we take you money."
So I'm going to go with Mickey Mouse as being the more truthful. My final answer.
The banksters need to repay us.
I invented a machine, the Winston Smith Machine, that allows you to input your desired outcome, and no matter what data is entered into it, the outcome will be as inputted. The patent office said that the government and FedRes. already held the patent on that. Damn!
Middle, Medieval or Magic Kingdom - your call. It's a small gulag after all.
4 beer (12.50 each) $50 tip include
Hotdog or beer inflation you said.
When did Disney World go from that A, B, C, D, E single ticket system to that signle price all inclusive rate? Something doesn't look right in that data.
http://en.wikipedia.org/wiki/E_ticket
Again - the idea that inflation is a good thing is what's wrong with western civilization and will be its undoing. Inflation, like interest on a loan, is also compounded.
Why settle for just:
Inflation
When you can get:
Inflation + rent-seeking offer pricing + shareholder model
for a cool price of $105/ticket
all that money to stand in hour long lines 4 or 5 times. Pussy and kids make you do stupid shit...
And both of those usually follow consumption of alcohol.
Actually, alcohol comes before and after said events.
Admission pricing is also an effective means of crowd control...if the admission were very inexpensive, the crowd would be too big to be manageable, and the additional low-life pickpockets would be too stiff of competetion against Disney for the dollar in your pocket
Sort of like the Big Mac index
Since when is comparing to Disney tickets a valid comparison worth reading more into? Maybe the Big Mac index, but certainly not this.
I ran the same data on University fees, which are a kinda 'not for profit' enterprise and came up with about the same 8-9% number back to 1970........
The reason for all the inflation is so that Govt. who have no intention of paying back their debts, can default via inflating away the value of the debt.....
A $100k loan in 1990 is certainly not worth much today and very easy to pay off....
The only way to benefit from this farce is by running loads of debts, which is what everyone does... great until you can't meet the repayments...
Anybody that goes to Disney world anywhere get exactly what they deserve. So fuck off whining about their ticket prices. I don't get this shit.
Disney world?
Seriously?
WTF?
This is Zero Hedge, not "Are you a good Mom or Dad? - Have you taken your kids to Disney World, a total artifact designed to suck money out of your family?"
One of the things I am proud of is that I NEVER took my kids to that fucking piece of shit Disney World - and I told them why, and they are not taking their kids either.
And now the measles shit...
Just FUCK Disney World. A total bunchof corporate shit designed to suck as much money as possible out of guilty parents that don't spend any time their kids 50 weeks of the year.
Sigh. What a simplistic analysis, and it has nothing to do with holding it's value in inflation-terms like gold. As the American public made more, their disposable income increased, or perhaps their savings rate decreased, either way, their demand for leisure goods increased. Disney, being like any capitalist will increase the price of it's good until the demand erosion offsets the maximized revenue. Who knew that would outpace inflation.
Republishing hack articles like this hurts the credibility of the website, and I'm not even going to read the comments knowing everyone here understands inflation and capitalism.
Damn it, Donnie! Why do you gotta get so smart on us?
OK.....so whaddaya want for a measly 100 bucks apiece f'r you 'n yer kids??
--free mumps for EACH of 'em???
As usual, the government is more mickey mouse than Mickey Mouse ever thought of being.
Just remember.
(waving hands about manically)
Correlation is not something or fucking other
Aaaaaarrragagahhhh!
The Disney-price index does not take supply and demand into consideration. If all the price increases go into increasing profits of the Disneyland owner, there is actually no inflation in the price. Just lack of competition.