Travel Prices Increase 6 Percent in April

Travel Prices Increase 6 Percent in April
Posted by Jessica L. States on 5/28/2008 9:41:43 AM

According to the Travel Industry Association of America (TIA), April travel prices increased 6 percent compared to April 2007, with airfares jumping 10.1 percent in just 12 months. Gasoline prices increased 5.6 percent from March and jumped 21.1 percent from one year ago. Lodging prices were up 0.8 percent compared to April 2007 and down 2.2 percent from March.
Developed by TIA, the Travel Price Index (TPI) measures the seasonally unadjusted inflation rate of the cost of travel away from home in the U.S. The TPI is based on U.S. Department of Labor price data collected for the monthly Consumer Price Index (CPI). The TPI is released monthly and is directly comparable to the CPI.

For more information, visit http://www.tia.org/researchpubs/tpi_current_chart.html