Airfare priced at $100 in 1987 $214.85 in 2024

Airfare Inflation Calculator

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Prices for Airfare, 1987-2024 ($100)

According to the U.S. Bureau of Labor Statistics, prices for airline fares are 114.85% higher in 2024 versus 1987 (a $114.85 difference in value).

Between 1987 and 2024: Airfare experienced an average inflation rate of 2.09% per year. This rate of change indicates significant inflation. In other words, airfare costing $100 in the year 1987 would cost $214.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation for airfare was lower.

In the year 1987: Pricing changed by 4.88%, which is above the average yearly change for airfare during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), inflation for airfare was higher.

Price Inflation for Airline fares since 1963

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (38.39%), 2022 (30.15%), and 1981 (25.87%).

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Buying power of $100.00 since 1987

Below are calculations of equivalent buying power for Airfare, over time, for $100 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$100.004.88%
1988$101.151.15%
1989$107.185.96%
1990$120.8012.70%
1991$126.354.59%
1992$126.400.04%
1993$145.5215.13%
1994$151.033.78%
1995$154.452.27%
1996$156.701.46%
1997$162.213.52%
1998$167.143.04%
1999$178.126.57%
2000$194.959.44%
2001$194.93-0.01%
2002$188.55-3.27%
2003$188.33-0.12%
2004$185.00-1.77%
2005$192.664.14%
2006$201.344.51%
2007$204.931.78%
2008$229.6112.04%
2009$210.05-8.52%
2010$226.517.84%
2011$247.559.29%
2012$248.300.30%
2013$254.622.54%
2014$250.55-1.60%
2015$237.94-5.03%
2016$230.07-3.31%
2017$224.55-2.40%
2018$215.70-3.94%
2019$216.100.19%
2020$177.13-18.03%
2021$177.130.00%
2022$230.5430.15%
2023$217.58-5.62%
2024$214.85-1.25%*

* 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:

Year19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI23.70023.66723.83323.82023.90024.44026.20028.26230.33131.14632.20834.85437.98541.15443.50045.53149.14668.01585.60894.35499.808105.823112.500117.100122.815124.231131.638148.362155.177155.238178.723185.485189.692192.454199.223205.277218.762239.423239.408231.569231.292227.208236.615247.277251.686281.998257.971278.186304.026304.950312.709307.708292.227282.557275.783264.909265.401217.546217.549283.143267.221263.872

Adjust airfare prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1987 * 1987 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Airline fares was 122.815 in the year 1987 and 263.872 in 2024:

263.872 / 122.815 * $100 = $214.85

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1987 has the same "purchasing power" as $214.85 in 2024 (in the CPI category of Airline fares).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Airline fares in 1963. In addition to airfare, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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