According to Labor Department data issued on Thursday, airfares increased by about 43% compared to the same time last year, a record-breaking rise that topped the department’s monthly Consumer Price Index (CPI) report.
The fastest-growing category was airfare, which was followed by utility bills for gas (33.1%) and eggs (30.5%). Fuel climbed 18.2% to place fourth.
The rise in airfares is the result of an unusual trend in which demand has remained high…