Travel Prices Increase 2.6% in January
MARCH 13, 2007. The January Travel Price Index, TPI, rose 2.6 percent compared to January 2006. Gasoline prices decreased 2.7 percent from one year ago.
Lodging prices were up 4.8 percent in comparison to January 2006 and 4.9 percent from last month. Airfares increased 0.2 percent against twelve months earlier and 2.4 percent from previous month. The Consumer Price Index, or CPI-U, was up 2.1 percent from January 2006.
Developed by the Travel Industry Association of America's (TIA), the Travel Price Index (TPI) measures the seasonally unadjusted inflation rate of the cost of travel away from home in the United States. 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.
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