Hotel prices account for increase in core CPI
October 19, 2004 |
About three-fourths of the gain in the core CPI in September was due to the 2.9 percent increase in prices for hotels, the U.S. Labor Department said.
Despite lower energy costs, U.S. consumer price inflation accelerated in September, rising 0.2 percent, the Labor Department said.
About three-fourths of the gain in the core CPI in September was due to the 2.9 percent increase in prices for lodging away from home, the Labor Department said. Hotel and motel prices have gyrated wildly in the past few months and are up 7.3 percent in the past year.
Consumer prices are up 2.5 percent over the past 12 months. The core CPI has risen 2 percent year-over-year, breaking that key barrier for the first time in nearly two years.
Get the full article at CBS MarketWatch
Related Articles
‘Travel + Leisure’ names the world’s best hotels
08 Jan, 2009 | Hospitality Industry
Travelscream expands services, staff and sales
08 Jan, 2009 | Online Travel
Hoteliers see too much room at the inn
07 Jan, 2009 | Hospitality Industry
Hotelier’s 2009 top ten internet marketing resolutions
06 Jan, 2009 | Hospitality Industry
For hotels online feedback counts
06 Jan, 2009 | Hospitality Industry
Online hotel marketing tips for a recession
18 Dec, 2008 | Internet Marketing
Hotels try to adapt to hard times
18 Dec, 2008 | Hospitality Industry
Maximizing hotel revenue in a downturn
18 Dec, 2008 | Hospitality Industry
HEDNA on how to thrive in 2009
16 Dec, 2008 | Hospitality Industry
US hotel industry preparing for troubled times
16 Dec, 2008 | Hospitality Industry
Most Popular Articles
Seven digital marketing strategies for surviving the downturn
11 Dec, 2008 | Internet Marketing
Online hotel marketing tips for a recession
18 Dec, 2008 | Internet Marketing
HEDNA on how to thrive in 2009
16 Dec, 2008 | Hospitality Industry
Marriott CFO warns of “tough 2009”
11 Dec, 2008 | Hospitality Industry
The secrets of marketing in a Web 2.0 world
16 Dec, 2008 | Internet Marketing
Hotelier’s 2009 top ten internet marketing resolutions
06 Jan, 2009 | Hospitality Industry
US hotel industry preparing for troubled times
16 Dec, 2008 | Hospitality Industry
What travelers might expect for 2009
11 Dec, 2008 | Online Travel
Travel predictions for 2009
06 Jan, 2009 | Online Travel
Hotels try to adapt to hard times
18 Dec, 2008 | Hospitality Industry
Economic Downturn
Major drop in Japanese outbound travel, worst yet to come
07 Jan, 2009 | Online Travel
IATA projects 2009 airline losses
07 Jan, 2009 | Online Travel
Business travelers may catch a price break in 2009
07 Jan, 2009 | Online Travel
UK: How to travel with a tumbling pound in 2009
07 Jan, 2009 | Online Travel
Travel predictions for 2009
06 Jan, 2009 | Online Travel
Travelers will be getting lots of deals in 2009
06 Jan, 2009 | Online Travel
Online hotel marketing tips for a recession
18 Dec, 2008 | Internet Marketing
Despite economy, holiday travel still strong
18 Dec, 2008 | Online Travel
Hotels try to adapt to hard times
18 Dec, 2008 | Hospitality Industry
Maximizing hotel revenue in a downturn
18 Dec, 2008 | Hospitality Industry
HEDNA on how to thrive in 2009
16 Dec, 2008 | Hospitality Industry
US hotel industry preparing for troubled times
16 Dec, 2008 | Hospitality Industry
Seven digital marketing strategies for surviving the downturn
11 Dec, 2008 | Internet Marketing
Report: The mood of the European meetings industry market
11 Dec, 2008 | Hospitality Industry
Travel pinched by global financial crisis
11 Dec, 2008 | Online Travel
E-Mail Newsletter
Visit our sponsors:
