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Complicated market dealing travellers a mixed hand

Some travel costs flying against general inflation trends
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FILE - People pass through Salt Lake City International Airport, June 27, 2022, in Salt Lake City. The cost of travel has fluctuated sharply in recent years, but travelers expecting high prices now might be in for a pleasant surprise. Data show that many travel expenses, including airfare, have decreased recently. Domestic flights in particular have been less expensive, and while international airfare remains elevated, it too is coming down as airlines slowly add more capacity. (AP Photo/Rick Bowmer, file)

Dining out is more expensive than ever. The cost of gas is rising again. And the price of travel — including airfare and hotels — has kept pace. Right?

Not exactly. Airfare costs declined by 13% between September 2022 and September 2023, according to September 2023 Consumer Price Index data from the Bureau of Labor Statistics.

Far from being an inflationary force, travel prices have actually helped cool overall prices this year.

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