According to the U.S. Bureau of Labor Statistics, prices for lodging away from home are 51.55% higher in 2024 versus 2004 (a $51.55 difference in value).
Between 2004 and 2024: Travel lodging experienced an average inflation rate of 2.10% per year. This rate of change indicates significant inflation. In other words, travel lodging costing $100 in the year 2004 would cost $151.55 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 2004: Pricing changed by 5.52%, which is significantly above the average yearly change for travel lodging during the 2004-2024 time period. Compared to inflation for all items in 2004 (2.68%), inflation for travel lodging was higher.
Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2004 | $100.00 | 5.52% |
2005 | $103.53 | 3.53% |
2006 | $108.04 | 4.36% |
2007 | $113.47 | 5.03% |
2008 | $114.14 | 0.60% |
2009 | $106.66 | -6.56% |
2010 | $106.19 | -0.44% |
2011 | $109.17 | 2.80% |
2012 | $111.65 | 2.27% |
2013 | $113.17 | 1.36% |
2014 | $117.95 | 4.22% |
2015 | $121.56 | 3.07% |
2016 | $125.60 | 3.32% |
2017 | $126.64 | 0.83% |
2018 | $127.98 | 1.06% |
2019 | $131.80 | 2.99% |
2020 | $118.32 | -10.23% |
2021 | $129.84 | 9.74% |
2022 | $144.05 | 10.95% |
2023 | $150.24 | 4.29% |
2024 | $151.55 | 0.87%* |
* 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:
Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 109.008 | 112.308 | 117.485 | 118.631 | 118.323 | 119.277 | 125.862 | 130.300 | 135.977 | 142.813 | 143.664 | 134.243 | 133.656 | 137.401 | 140.521 | 142.439 | 148.452 | 153.003 | 158.080 | 159.387 | 161.072 | 165.888 | 148.916 | 163.422 | 181.309 | 189.095 | 190.738 |