Inflation:

Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

www.investopedia.com/terms/i/inflation.asp

Inflation on the movie tickets in USA

Inflation in the movie tickets during the last decades, the price of movie tickets has increased in a notable way and the audience is not very happy with that. In many tests the audiences mark the cost as the principal thing that they dislike most of going to the movies. In a 2006 Gallup poll, 41% of those who had seen at least one movie in the past year said going to the movies is too expensive. 

“The MPAA [via Box Office Mojo] recorded the average movie ticket price most years from 1910-2013. There is consistent data for every year starting in 1961, so this analysis begins in 1961. The graph below plots the increase in movie ticket prices from 1961-2013. The green line shows the actual average ticket price. The blue line adjusts the actual average price for inflation to 2013 dollars using the CPI. The red line sets the $8.16 baseline of the average ticket price today for easy comparison.” Graphic of the cost of movies in the last decades:

 So what the graphic shows us that the cost of the movie tickets increased every year more .Now you will find a table that shows the cost every ten years from 1961 to 2011.

What we can infer from the graphic and the table shown is that, from 1961 to 1981, every ten years the cost of the movie tickets increased almost a dollar. On the other hand, from the year 1991 to 2001, the cost increased about 1.5 dollars. But from the year 2001 to the year 2011, the cost increased 2.5 dollars. So in conclusion, the cost of the movie tickets has increased very much in the last decades affecting the audience in a very bad way, instead of attracting the public is rejecting them.

The movie tickets in Colombia:

 Colombia has a very particular way of management of the movie tickets. In Colombia there are different exhibiting companies, such as Cinemark, Cinecolombia, Procinar, etc. These companies are located in different parts of the countries. In Bogota there are many exhibiting companies located around the city. The management system of the movie ticket is not the same for all the locations. The price change with the stratum of the location, for example in Cafám Floresta the price of the ticket is about 10,000 pesos, on the weekends. On the other hand, on San Rafael the price of the ticket is about the 13,000 pesos. Another factor that alter the prices is the format of the movie, if the movie is on a 3D format the value increases about 5,000 or 6,000 pesos.

Here is the behavior of the prices of the movie tickets in the different exhibiting companies:

Basically the behavior of most of the companies is almost the same. Cine Colombia is the one who reach the highest prices, almost the 9,000 pesos, followed by Cinemark. Conversely, Procinal has de lowest prices during the 2011. The remaining companies use prices between the 8,500 and 6,000 pesos. One fact that affects the behavior of the ticket price is the demeanor of the dollar. If the dollar increases, the movie tickets also increase, and if the dollar decrease the price of movie ticket will decrease.

Colombia is one of the few countries that have companies that change the ticket price depending on the day of the week. Cine Colombia and Cinemark are companies that use this strategy to get the attention of more public and to increases their sales.

Bibliography: 

www.investopedia.com/terms/i/inflation.asp

http://collider.com/movie-ticket-price-inflation-statistics/

http://www.boxofficemojo.com/yearly/?view2=domestic&view=releasedate&p=.htm

http://www.boxofficemojo.com/about/adjuster.htm 

http://proimagenescolombia.com/secciones/cine_colombiano/cine_en_cifras/cine_en_cifras_2/espanol/internas-html/informe-especial.html