ConsumerPriceIndex News & Analysis

Airfare Prices Rise 21% Year Over Year for Summer Travel

As of April, airfares increased by 21% year over year, according to the Consumer Price Index. Major airlines instituted a $10 increase in checked bag fees, raising the typical fee to $45 each way, totaling $90 for a round trip. Additional seat selection fees average $33 and other charges further inflate vacation costs. With these increases before the summer travel season, consumers may face significantly higher travel expenses unless they utilize credit card benefits. These changes are relevant for travelers considering cost-effective options.