Last December’s Travel Price Index, the TPI, rose 5.2% compared to a year earlier, reported the Travel Industry Association of America (TIA).
The TPI over the year was up 4.5% for the largest annual increase since 2000.
The major factor in the rise: gasoline prices, which went up more than 26% in one year.
Sectors of the travel industry that were costing less than a year ago included airline fares (down 2.9%).
Developed by the TIA, the Travel Price Index measures the seasonally unadjusted inflation rate of the cost of travel away from home in the US.
Report by David Wilkening
