Inflation showed signs of cooling down in July, with prices climbing 8.5% from a year ago, less than expected, and down 0.6% from its June peak. Consequently, travel demand is expected to rise ahead of the Labor Day weekend.
“Prices will probably drop a little bit between now and the middle of October. You will want to book your holiday travel by that second week of October,” Haley Berg, lead economist for Hopper, said.
