Plane Tickets Prices Rose by 44% Last Month

 


According to new information, the prices of plane tickets and bus rides went up at a record rate in December.

In the year leading up to December, official numbers show that plane tickets went up 44.1%. Since the late 1980s, this is the biggest jump.

In December, people could go to many long-distance places without Covid restrictions for the first time since 2019.

Analysts said that the main reason plane ticket prices went up was because jet fuel prices went up.

Since rail strikes made bus tickets more expensive, there may have been more demand. Compared to December of the previous year, the price of a bus ticket went up by 17.5% in December.

People had trouble getting where they needed to go in December because of rail strikes, so many took the road over the holidays.

In December, the overall rate of inflation was 10.5%. This was because both plane and bus tickets cost more. Last month, inflation was lower than in November and October, but price increases are still at their highest level in 40 years...Read More

Source: California Observer

Location: Spokane, WA, USA

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