The U.S. Travel Association’s Travel Price Index (TPI) tracks the cost of travel in the United States using U.S. Department of Labor data from the monthly Consumer Price Index (CPI). For the second consecutive month, travel prices rose faster than the overall CPI on a monthly basis, though they remain below broader inflation trends year-over-year.
Gasoline, the largest driver of the monthly gain, rose 4.0% in September. Despite the jump, gas prices remain 0.4% below last year’s levels after a year of relative stability. Airfares were up 2.7% in September—the third straight monthly rebound higher—bringing fares to 3.2% above last year.
