Overall Cost Of Flights Begins To Fall As Inflation Slows

Relief is on the horizon for those looking to travel soon as airline fares begin to fall, following a drop in inflation.

Average airfare fell 8.1% in June from May and fell 18.9% when compared to July of 2022, according to the Department of Labor in its monthly Consumer Price Index report.

But travel demand has not slowed by any means as record-breaking numbers have been reported so far in 2023 while flyers continue to “revenge travel” to make up for their inability to adventure during the COVID pandemic.

Flight fares have been soaring since 2021 as Americans eagerly returned to exploring, but staffing shortages, materials cost increases, and problems with fuel supply due to the Russian and Ukraine war shot up prices.

Flight ticket prices climbed nearly 43% in 2022, but overall inflation only increased 3% this June and appears to be steadily declining, hopefully indicating a major slowdown and overall economic trend to wash over all American costs soon.

All images stock photos from Pexels

Written by
Danielle Levy

Danielle Levy is an MBA with a concentration in Corporate Social Responsibility. Danielle has several years of experience in the sustainability education world and has held various positions in human resources and intern management. Danielle is passionate about the ties between sustainability and social impact.

Related Articles


Southwest Airlines Is Giving 50% Off On Fall And Winter Travel If You Book Today Or Tomorrow

Southwest Airlines is cutting fares in half for fall and winter travel...

Music FestivalsNewsTravel

Your Paradise 2023 Returns To The Islands Of Fiji With Bonobo, TSHA + More

Travel festivals are becoming all the rage in 2023, and one of...


Singapore Changi Airport To Ditch Passport Use In Favor Of Biometric Sensors

One of the world’s busiest airports is ditching an age-old travel staple....


Amtrak Expands Night Owl Fares To Include Travel Between NYC And Boston

With a steady flow of top-notch music events rolling through cities like...