Airfare priced at $100 in 2008 $97.72 in 2023

Airfare Inflation Calculator


Prices for Airfare, 2008-2023 ($100)

According to the U.S. Bureau of Labor Statistics, prices for airline fares are 2.28% lower in 2023 versus 2008 (a $2.28 difference in value).

Between 2008 and 2023: Airfare experienced an average inflation rate of -0.15% per year. In other words, airfare costing $100 in the year 2008 would cost $97.72 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.31% during this same period, inflation for airfare was lower.

In the year 2008: Pricing changed by 12.04%, which is significantly above the average yearly change for airfare during the 2008-2023 time period. Compared to inflation for all items in 2008 (3.84%), inflation for airfare was much 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%).

View price changes for other categories
Atlanta, Georgia · Dental services · College tuition and fees · Chicago, Illinois · More

Buying power of $100.00 since 2008

Below are calculations of equivalent buying power for Airfare, over time, for $100 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust airfare prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2008 * 2008 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Airline fares was 281.998 in the year 2008 and 275.557 in 2023:

275.557 / 281.998 * $100 = $97.72

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2008 has the same "purchasing power" as $97.72 in 2023 (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.

» Read more about inflation and investment.