According to the U.S. Bureau of Labor Statistics, prices for airline fares were 25.56% lower in 2020 versus 2015 (a $25.56 difference in value).
Between 2015 and 2020: Airfare experienced an average inflation rate of -5.73% per year. This rate of change indicates significant deflation. In other words, airfare costing $100 in the year 2015 would cost $74.44 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.77% during this same period, inflation for airfare was significantly lower.
In the year 2015: Pricing changed by -5.03%, which is above the average yearly change for airfare during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for airfare was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Airline fares:
Below are calculations of equivalent buying power for Airfare, over time, for $100 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|