Travel Price Index (TPI) Decreased 1.9 Percent over October
Gasoline price declined 1.2 percent compared to October and dropped 4.2 percent against November 2005. Airfares decreased 4.8 percent over the previous month and were down 1.5 percent from twelve months earlier. Lodging price was down 3.9 percent from October and increased 4.3 percent over a year ago. General inflation as reflected in the Consumer Price Index (CPI-U) decreased 0.1 percent from October and was up 2.0 percent compared to November 2005.
Developed by the Travel Industry Association of America's (TIA), the Travel Price Index (TPI) measures the seasonally unadjusted inflation rate of the cost of travel away from home in the United States. The TPI is based on U.S. Department of Labor price data collected for the monthly Consumer Price Index (CPI). The TPI is released monthly and is directly comparable to the CPI.
Travel Price Index -- November 2006
Base year for index: 1982-84=100
Source: Travel Industry Association of America and U.S. Department of Labor
TIA is the national, non-profit organization representing all components of the $646 billion travel industry. TIA's mission is to represent the whole of the U.S. travel industry to promote and facilitate increased travel to and within the United States. More information on TIA is available at www.tia.org.
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