The cost of airfare and car rentals has decreased, according to the U.S. Consumer Price Index for June.
Travelers seeking deals on domestic airline tickets will find that prices have dropped 8% from May and a significant 18.9% from the previous year.
Why the drop in airfares? Economists cite several reasons:
Demand for travel after the easing of COVID-based restrictions is flattening out; U.S. domestic airline capacity has returned to pre-COVID levels; International destinations are becoming more popular; Travelers are planning more trips for specific holidays rather than spreading out their travel; and Jet fuel costs are less.
Car rental costs have also fallen, now sitting at
→ Continue reading at Traveling Lifestyle
