According to the U.S. Bureau of Labor Statistics, prices for lodging away from home were 8.55% lower in 2021 versus 2017 (a $8.55 difference in value).
Between 2017 and 2021: Travel lodging experienced an average inflation rate of -2.21% per year. This rate of change indicates significant deflation. In other words, travel lodging costing $100 in the year 2017 would cost $91.45 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.89% during this same period, inflation for travel lodging was significantly lower.
In the year 2017: Pricing changed by 0.85%, which is significantly above the average yearly change for travel lodging during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for travel lodging was lower.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|