According to the U.S. Bureau of Labor Statistics, prices for lodging away from home were 7.16% lower in 2020 versus 2019 (a $7.16 difference in value).
Between 2019 and 2020: Travel lodging experienced an average inflation rate of -7.16% per year. This rate of change indicates significant deflation. In other words, travel lodging costing $100 in the year 2019 would cost $92.84 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.74% during this same period, inflation for travel lodging was significantly lower.
In the year 2019: Pricing changed by 2.99%, which is significantly above the average yearly change for travel lodging during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|