U.S. travel prices decline
For the second month in a row, prices throughout the travel sector have fallen, and at a steeper rate than the overall economy
Last week's release of the Consumer Price Index (CPI) for June shows an encouraging trend: Inflation is easing across the board - and travel-related goods and services are leading the way.
Key takeaways
- According to the U.S. Travel calculated Travel Price Index (TPI), prices decreased a 1.4% from the previous month, led by lower hotel, airline and gas prices;
- In contrast, the overall economy saw a modest 0.1% decrease, the first monthly decline since 2020;
- Comparisons month-to-month, year-over-year, and against pre-COVID-19 levels all show today’s prices are more favorable for travelers.
Get the full story at U.S. Travel