You and GP are both right. There's a huge divergence in entertainment pricing. Stuff you can do at home (movies, tv, video games, books and social media) is dirt cheap and may be getting cheaper.
"Outside" entertainment is getting vastly more expensive. Average hotels are charging eye watering prices the world over. Concert tickets are astronomical. Restaurant prices and fees are out of control. Any type of rental, tour or other type of activity on vacation feels extortionate. Airline tickets are hundreds or thousands of dollars for a tiny economy seat.
I think this is largely driven by monetary and fiscal policy that disproportionately benefits the rich (Paycheck Protection Program, low interest rates). If you give people who are poor more money, I believe they will spend it on things that stabilize and improve their day to day lives so you'd expect to see inflation in things like food and medicine. If you give money to people that are already stable, they will spend it on things the things that we see are having very high inflation: improved housing, vacations, luxury goods.
"Outside" entertainment is getting vastly more expensive. Average hotels are charging eye watering prices the world over. Concert tickets are astronomical. Restaurant prices and fees are out of control. Any type of rental, tour or other type of activity on vacation feels extortionate. Airline tickets are hundreds or thousands of dollars for a tiny economy seat.
I think this is largely driven by monetary and fiscal policy that disproportionately benefits the rich (Paycheck Protection Program, low interest rates). If you give people who are poor more money, I believe they will spend it on things that stabilize and improve their day to day lives so you'd expect to see inflation in things like food and medicine. If you give money to people that are already stable, they will spend it on things the things that we see are having very high inflation: improved housing, vacations, luxury goods.