IPFS News Link • Transportation: Air Travel
Airline Inflation Takes Off: Air Fare Prices Soar At 97% Annualized Rate, Highest Since 1999
• zerohedge.comAccording to the latest CPI report, the May surge in airfare prices was so dramatic and unexpected, that on a compounded annualized basis (CAGR), the May surge in airline fares was a whopping 97%: the highest since 1999, and the third highest ever.
So, sorry America: you are stuck where you are, eating food that has rarely if ever cost more, fueling up with gas that is approaching it all time high summery prices.