Travel Price Index

The Travel Price Index (TPI) tracks the cost of travel in the United States using U.S. Department of Labor data from the monthly Consumer Price Index (CPI). Released monthly, the Travel Price Index (TPI) is comparable to the CPI while focusing on travel-related expenses. 

June 2025 Overview:

While overall U.S. inflation rose in June, travel prices continued their downward trend for the fifth straight month. 

• CPI increased 0.3% in June (up from 0.1% in May), reflecting a 2.7% year-over-year increase.
• In contrast, U.S. Travel’s TPI fell 0.7% in June and is now 0.4% below its level one year ago. 

The monthly TPI decline was driven by lower prices in key travel categories: 

• Lodging: Hotel prices fell 3.6% in June and are down a similar amount compared to last year.
• Airfare: Airline fares dipped 0.1% in June and are 3.5% lower than June 2024.
• Gasoline: Prices rose 1.0% in June-the first monthly increase since January-but remain 8.2% lower year-over-year.

Gas, hotel, and airline prices in June were all 3% or more below the levels of a year ago.

In contrast, prices for recreation and food and beverage rose 0.3% and 0.4% respectively, aligning with the broader economy. These categories continue to experience higher inflation than the economy overall across multiple time periods. 

Explore additional data and insights via the U.S. Travel Insights Dashboard.