www.tia.org
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TIA Reports: Travel Price Index (TPI)
Increased 6.2 Percent Over August 2005
TIA Reports: Travel Price Index (TPI) Increased 6.2 Percent Over August 2005
| Washington,
DC � September 2006 � The Travel Price Index (TPI) for the month of August
was 0.6 percent lower than previous month and 6.2 percent higher than August
2005. Gasoline prices increased 19.6 percent over August 2005 and were
down 0.5 percent from previous month. Lodging prices were up 4.8 percent
compared to August 2005 and declined 1.3 percent from previous month. Airfares
increased 5.8 percent against twelve months earlier and decreased 1.9 percent
from previous month. The Consumer Price Index, or CPI-U, was up 0.2 percent
from previous month and 3.8 percent from August 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 (linked here) and is directly comparable to the CPI. Economic Research: Travel Price Index � August 2006 Base Year For Index: 1982-84 = 100 Sources: Travel Industry Association of America and U.S. Department of Labor | TIA (www.tia.org) 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. | Contact: Cathy Keefe (Manager, Media Relations) 202-408-2183 ckeefe@tia.org , www.tia.org |
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