U.S. Hotel Rates Buck Inflation Trend With Year-End Decline

Rising hotel room rates in the U.S. have stopped contributing to broader inflation. Hotel prices declined in December by 0.5% year-over-year. According to U.S. inflation data released on Thursday, hotel rates rose 0.4% month-over-month in December. The cooling in hotel prices contrasts with broader inflation that hasn’t been tamed yet. Overall, U.S. consumer price inflation was up 3.4% year-over-year in December.....
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