In March, we should be seeing more of the bounce back in prices that fell sharply during the pandemic. For example, airfares were 25.6 percent below their year-ago level in February, and in fact were reported as falling 5.1 percent that month. Hotel prices were down 17.2 percent from year-ago levels and fell 2.7 percent in February. Clothes were 3.6 percent below their year-ago level, and auto insurance prices were 2.8 percent lower. The success of the vaccination program resulted in more people going out to restaurants and traveling in March, a trend that is picking up speed this month. As a result, these price … (full story)
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