Airline fares? 16% pricier this year. Outdoor supplies? 11%. Dining out: Up 8%.
Your summer getaway could be a budget buster.
It wasn’t long ago that numerous businesses, particularly those that sell “fun,” were greatly limited or even shuttered due to pandemic limitations. So, discounting was needed to lure customers until the business restrictions dissolved. To gauge price pain across the spectrum of vacation spending, my trusty spreadsheet looked at 10 slices of the Consumer Price Index tracking common traveler expenditures. This vacation inflation scorecard compared price averages for the first four months of this year vs. the same timeframe last year and in 2019 – way back when nobody knew what a coronavirus was.
Ponder this slice of vacation-related spending, what’s dubbed “recreation” costs. Nationwide, it’s up 5% in a year and 12% over four years.
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