According to the U.S. Bureau of Labor Statistics, prices for lodging away from home were 2.99% higher in 2019 versus 2018 (a $2.99 difference in value).
Between 2018 and 2019: Travel lodging experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, travel lodging costing $100 in the year 2018 would cost $102.99 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for travel lodging was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Lodging away from home:
Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|