Americans Planning Summer Trips Face a New Hurdle: High Inflation

Americans eager to travel this summer after navigating Covid-19 for the past two years are facing yet another disruption to plans: the rising cost of travel.

Inflation hit 8.5% in March from the same month a year earlier, according to the Labor Department’s consumer price index, the highest rate in four decades. Gasoline prices are up about 50% from a year ago. Hotel costs jumped almost 30% and airline fares rose 24%, while vehicle rental costs jumped almost 14%.


Wj

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