The Travel Industry Association, which keeps track of such things, released the following dismaying report, just as the summer travel season is gearing up:
"The April Travel Price Index, TPI, rose 6.0 percent compared to April 2007. Gasoline prices increased 5.6 percent from March and jumped 21.1 percent
from one year ago. Lodging prices were up 0.8 percent compared to April 2007 and
down 2.2 percent from last month. Airfares increased 10.1 percent against twelve
months earlier and 0.9 percent from previous month. The Consumer Price Index, or
CPI-U, was up 3.9 percent from April 2007.
"Developed by 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. Please click here to access the current month Index."
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