According to the U.S. Bureau of Labor Statistics, prices for airline fares are 822.35% higher in 2024 versus 1970 (a $822.35 difference in value).
Between 1970 and 2024: Airfare experienced an average inflation rate of 4.20% per year. This rate of change indicates significant inflation. In other words, airfare costing $100 in the year 1970 would cost $922.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for airfare was higher.
In the year 1970: Pricing changed by 7.87%, which is significantly above the average yearly change for airfare during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation for airfare was higher.
Below are calculations of equivalent buying power for Airfare, over time, for $100 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $100.00 | 7.87% |
| 1971 | $107.32 | 7.32% |
| 1972 | $110.21 | 2.69% |
| 1973 | $113.96 | 3.41% |
| 1974 | $123.33 | 8.22% |
| 1975 | $134.40 | 8.98% |
| 1976 | $145.62 | 8.34% |
| 1977 | $153.92 | 5.70% |
| 1978 | $161.11 | 4.67% |
| 1979 | $173.90 | 7.94% |
| 1980 | $240.66 | 38.39% |
| 1981 | $302.91 | 25.87% |
| 1982 | $333.86 | 10.22% |
| 1983 | $353.16 | 5.78% |
| 1984 | $374.44 | 6.03% |
| 1985 | $398.07 | 6.31% |
| 1986 | $414.34 | 4.09% |
| 1987 | $434.57 | 4.88% |
| 1988 | $439.58 | 1.15% |
| 1989 | $465.79 | 5.96% |
| 1990 | $524.96 | 12.70% |
| 1991 | $549.07 | 4.59% |
| 1992 | $549.29 | 0.04% |
| 1993 | $632.39 | 15.13% |
| 1994 | $656.31 | 3.78% |
| 1995 | $671.20 | 2.27% |
| 1996 | $680.97 | 1.46% |
| 1997 | $704.93 | 3.52% |
| 1998 | $726.35 | 3.04% |
| 1999 | $774.06 | 6.57% |
| 2000 | $847.17 | 9.44% |
| 2001 | $847.11 | -0.01% |
| 2002 | $819.38 | -3.27% |
| 2003 | $818.40 | -0.12% |
| 2004 | $803.95 | -1.77% |
| 2005 | $837.23 | 4.14% |
| 2006 | $874.96 | 4.51% |
| 2007 | $890.56 | 1.78% |
| 2008 | $997.82 | 12.04% |
| 2009 | $912.80 | -8.52% |
| 2010 | $984.33 | 7.84% |
| 2011 | $1,075.76 | 9.29% |
| 2012 | $1,079.03 | 0.30% |
| 2013 | $1,106.48 | 2.54% |
| 2014 | $1,088.79 | -1.60% |
| 2015 | $1,034.01 | -5.03% |
| 2016 | $999.79 | -3.31% |
| 2017 | $975.82 | -2.40% |
| 2018 | $937.35 | -3.94% |
| 2019 | $939.09 | 0.19% |
| 2020 | $769.76 | -18.03% |
| 2021 | $769.77 | 0.00% |
| 2022 | $1,001.87 | 30.15% |
| 2023 | $945.53 | -5.62% |
| 2024 | $922.35 | -2.45%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Airline fares:
| Year | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 23.700 | 23.667 | 23.833 | 23.820 | 23.900 | 24.440 | 26.200 | 28.262 | 30.331 | 31.146 | 32.208 | 34.854 | 37.985 | 41.154 | 43.500 | 45.531 | 49.146 | 68.015 | 85.608 | 94.354 | 99.808 | 105.823 | 112.500 | 117.100 | 122.815 | 124.231 | 131.638 | 148.362 | 155.177 | 155.238 | 178.723 | 185.485 | 189.692 | 192.454 | 199.223 | 205.277 | 218.762 | 239.423 | 239.408 | 231.569 | 231.292 | 227.208 | 236.615 | 247.277 | 251.686 | 281.998 | 257.971 | 278.186 | 304.026 | 304.950 | 312.709 | 307.708 | 292.227 | 282.557 | 275.783 | 264.909 | 265.401 | 217.546 | 217.549 | 283.143 | 267.221 | 260.671 |