We’re all excited to see more people traveling again, if only because it signals some degree of normalcy returning after the better part of two years living amid COVID-19. Of course, there’s also a downside to so many people hitting the roads and taking to the skies, which is that, as demand again approaches the amount of supply, things get more expensive.
A Washington Post report revealed that the cost of almost every aspect of travel increased last month, with airfare being the one major exception. According to the U.S. Travel Association’s Travel Price Index, travel-related prices jumped 14.4 percent in October of this year in comparison with the same month last year.
Overall U.S. inflation spiked by 6.2 percent compared to 2020, representing the most substantial year-over-year increase of the past three decades. It will…