Travel lodging priced at $100 in 2002 $160.32 in 2024

Travel Lodging Inflation Calculator

$

Prices for Travel Lodging, 2002-2024 ($100)

According to the U.S. Bureau of Labor Statistics, prices for lodging away from home are 60.32% higher in 2024 versus 2002 (a $60.32 difference in value).

Between 2002 and 2024: Travel lodging experienced an average inflation rate of 2.17% per year. This rate of change indicates significant inflation. In other words, travel lodging costing $100 in the year 2002 would cost $160.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for travel lodging was lower.

In the year 2002: Pricing changed by -0.26%, which is below the average yearly change for travel lodging during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for travel lodging was lower.

Price Inflation for Lodging away from home since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (10.95%), 2020 (-10.23%), and 2021 (9.74%).

View price changes for other categories
Electricity · Admission to sporting events · Detroit, Michigan · Chicago, Illinois · More

Buying power of $100.00 since 2002

Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$100.00-0.26%
2003$100.810.81%
2004$106.375.52%
2005$110.123.53%
2006$114.924.36%
2007$120.705.03%
2008$121.420.60%
2009$113.45-6.56%
2010$112.96-0.44%
2011$116.122.80%
2012$118.762.27%
2013$120.381.36%
2014$125.464.22%
2015$129.313.07%
2016$133.603.32%
2017$134.710.83%
2018$136.131.06%
2019$140.202.99%
2020$125.86-10.23%
2021$138.129.74%
2022$153.2310.95%
2023$159.814.29%
2024$160.320.32%*

* 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 Lodging away from home:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000109.008112.308117.485118.631118.323119.277125.862130.300135.977142.813143.664134.243133.656137.401140.521142.439148.452153.003158.080159.387161.072165.888148.916163.422181.309189.095189.695

Adjust travel lodging prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Lodging away from home was 118.323 in the year 2002 and 189.695 in 2024:

189.695 / 118.323 * $100 = $160.32

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2002 has the same "purchasing power" as $160.32 in 2024 (in the CPI category of Lodging away from home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Lodging away from home in 1997. In addition to travel lodging, 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.