Airfare priced at $100 in 2019 $85.63 in 2020

Airfare Inflation Calculator


Prices for Airfare, 2019-2020 ($100)

According to the U.S. Bureau of Labor Statistics, prices for airline fares were 14.37% lower in 2020 versus 2019 (a $14.37 difference in value).

Between 2019 and 2020: Airfare experienced an average inflation rate of -14.37% per year. This rate of change indicates significant deflation. In other words, airfare costing $100 in the year 2019 would cost $85.63 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.93% during this same period, inflation for airfare was significantly lower.

In the year 2019: Pricing changed by 0.19%, which is significantly above the average yearly change for airfare during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for airfare was lower.

Price Inflation for Airline fares since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-14.37%), and 2019 (0.19%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Airline fares:

Year 2018 2019 2020
CPI 264.909 265.401 227.252

View price changes for other categories
New York · Film and photographic supplies · Fish and seafood · College tuition and fees · More

Buying power of $100 since 2019

Below are calculations of equivalent buying power for Airfare, over time, for $100 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2019 $100.00 0.19%
2020 $85.63 -14.37%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for airfare, 2019-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2019 * 2019 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Airline fares was 265.401 in the year 2019 and 227.252 in 2020:

227.252 / 265.401 * $100 = $85.63

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2019 has the same "purchasing power" as $85.63 in 2020 (in the CPI category of Airline fares).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Airline fares in 2018. 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.