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The cost of travel is surging as war in the Middle East puts pressure on energy prices.
April’s airline fares were up 20.7% from the year prior, driven by a sharp increase in fuel costs, according to a Tuesday report from the Bureau of Labor Statistics. Lodging jumped more than 4%, while admissions to events like concerts increased 5.5%.
Overall U.S. travel costs are up 7.8% from last year, according to the U.S. Travel Association’s Travel Price Index. That’s the largest annual increase since 2022’s post-pandemic rebound and more than double the 3.8% rise in overall inflation.
The Bureau of Labor Statistics’s April report tracks the highest annual gains since May 2023. Gas prices jumped 28%, while other fuels like diesel increased 54%.
The average price per gallon as of Tuesday was $4.51, according to AAA, up 43% from last year. Diesel prices rose 60% to $5.66.
Other standouts among the latest consumer price
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