Change in the travel price index vs. consumer price index in the U.S. 2022-2023
The travel price index (TPI) published by the U.S. Travel Association includes data on the monthly changes in the consumer price index (CPI) of travel and tourism services in the United States, such as airline fares, lodging, and recreation. Throughout 2022, and particularly in the first half of the year, both the travel and consumer price indexes grew dramatically, with the TPI reporting a staggering 19.4 percent annual increase in May. Meanwhile, in December 2023, the TPI went up by 1.3 percent compared to the previous year, while the CPI experienced a 3.3 percent year-over-year rise.
