Travel Price Index
MONTHLY INSIGHTS January 16, 2025
The Travel Price Index (TPI) measures the cost of travel away from home in the United States. It is based on the U.S. Department of Labor price data collected for the monthly Consumer Price Index (CPI). The TPI is released monthly and is comparable to the CPI.
Our view: The December 2024 Travel Price Index showed that inflation for travel-related goods remains lower than overall U.S. inflation on an annual basis and compared to pre-pandemic levels. However, for the third consecutive month, the TPI rose at a higher rate than overall prices on a seasonally adjusted monthly basis. Gas prices were the fastest-growing component of the TPI in December, increasing 4.4% for the month, yet they remain 3.8% lower than the same period last year.
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