Good news for travelers: after a period of higher prices across the board, inflationary pressures are starting to slow, and U.S. airfare, hotels, and gas prices are on the decline.
Domestic airfare dropped 5.9% in May 2024, from May 2023 levels, according to the latest Consumer Price Index data. Gas prices are still up modestly from a year ago, but are down from recent weeks, falling to an average pump price of $3.
43 per gallon in mid-June from $3.58 a gallon at the end of May, according to the U.S.
Energy Information Administration . And U.S.
hotel rates declined nearly 2% from a year ago, the CPI found. Now is also a good time for international travel: similar price declines are playing out at many destinations abroad, too. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor.
Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Both domestic and international travelers can cut costs even farther by finding free things to do at their destination.
Here are 12 ways to discover free activities for your next vacation. 1. Find a Meetup group From hiking and cycling groups to improv troupes and artist collectives, the Meetup website and mobile app can help you connect with like-minded locals.
Many of these groups host free events, giving you the opp.
