Travel Price Index

The Travel Price Index (TPI) measures the cost of travel away from home in the United States. It is based on the U.S. Department of Labor price data collected for the monthly Consumer Price Index (CPI). The TPI is released monthly and is comparable to the CPI. 

Our view: The January 2025 Travel Price Index shows that inflation for travel-related goods continued to remain lower than overall U.S. inflation on an annual basis. However, for the fourth consecutive month, the TPI increased at a faster rate than overall prices on a seasonally adjusted monthly basis. In January, gas prices continued to be the fastest-growing component of the TPI, rising by 1.8% for the month, though they were still 0.4% lower than the same period last year. Despite concerns about inflation, surveys of travelers show that demand for travel remains at high levels (data available within the U.S. Travel Insights Dashboard). 

Note: the January TPI update includes historical updates based on Bureau of Labor Statistics annual seasonal adjustment revisions (https://www.bls.gov/news.release/cpi.nr0.htm).