Airfares continue to decrease, contributing to slowing inflation

Airfares have fallen 18.9% in the past year and 8.1% from May to June.
Higher airline staffing levels, more flights, and moderating fuel costs have lowered ticket prices.
Food away from home and domestic airfare prices are decreasing compared to last year, but international flights remain expensive.
Higher consumer confidence and spending on travel and leisure is driving up prices for hotels, bars, and sporting events.
Car rental costs have also fallen significantly, by 25% in June.