According to the U.S. Bureau of Labor Statistics, prices for other lodging away from home including hotels and motels are 20.09% higher in 2024 versus 2017 (a $4.02 difference in value).
Between 2017 and 2024: Other lodging away from home including hotels and motels experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, other lodging away from home including hotels and motels costing $20 in the year 2017 would cost $24.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for other lodging away from home including hotels and motels was lower.
In the year 2017: Pricing changed by 0.56%, which is below the average yearly change for other lodging away from home including hotels and motels during the 2017-2024 time period. Compared to inflation for all items in 2017 (2.13%), inflation for other lodging away from home including hotels and motels was lower.
Below are calculations of equivalent buying power for Other lodging away from home including hotels and motels, over time, for $20 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 |
|---|---|---|
| 2017 | $20.00 | 0.56% |
| 2018 | $20.14 | 0.69% |
| 2019 | $20.76 | 3.07% |
| 2020 | $18.29 | -11.87% |
| 2021 | $20.28 | 10.86% |
| 2022 | $22.79 | 12.39% |
| 2023 | $23.83 | 4.54% |
| 2024 | $24.02 | 0.81%* |
* 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 Other lodging away from home including hotels and motels:
| Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 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 | 26.985 | 28.746 | 31.000 | 33.754 | 35.085 | 35.831 | 37.385 | 40.200 | 43.146 | 46.677 | 50.477 | 57.538 | 66.377 | 75.777 | 84.438 | 94.231 | 99.023 | 106.754 | 114.192 | 118.400 | 125.677 | 132.938 | 138.438 | 152.538 | 174.108 | 184.215 | 189.392 | 195.085 | 203.069 | 213.662 | 224.108 | 234.469 | 241.208 | 252.423 | 253.985 | 251.354 | 252.192 | 265.277 | 274.154 | 285.562 | 299.905 | 300.970 | 279.215 | 280.431 | 287.435 | 292.577 | 294.836 | 307.782 | 317.417 | 325.335 | 327.148 | 329.406 | 339.513 | 299.197 | 331.684 | 372.785 | 389.720 | 392.885 |