According to the U.S. Bureau of Labor Statistics, prices for lodging away from home are 21.22% higher in 2022 versus 2020 (a $21.22 difference in value).
Between 2020 and 2022: Travel lodging experienced an average inflation rate of 10.10% per year. This rate of change indicates significant inflation. In other words, travel lodging costing $100 in the year 2020 would cost $121.22 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.17% during this same period, inflation for travel lodging was significantly higher.
In the year 2020: Pricing changed by -10.08%, which is significantly below the average yearly change for travel lodging during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for travel lodging was much lower.
Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: