Airfare
In 1990, the average cost of a round-trip domestic airfare was around $289. In today’s dollars, that would be around $566. So is the average round-trip domestic airfare anywhere near that these days?
Well, no – it’s not even close. Instead, the average fare, as of 2018, was $362, representing an increase of only 25%, far below inflation during that period, which roughly doubled prices, on average. The primary cause of that drop was the 1978 deregulation of the industry, which ushered in more competition… leading to lower prices.
