Airfares rose record 43 percent annually: CPI ...Middle East

Airfares rose 42.9 percent over the past year ending in September, the fastest rate on record, according to Labor Department data released Thursday. As demand for air travel rebounded to pre-pandemic levels this summer, airlines cut down on their flight schedules to reduce delays and cancellations stemming from a shortage of workers and blunt to the impact of rising fuel costs. The limited number of seats drove up prices. The consumer price index (CPI), which measures inflation, found that overall prices rose 8.2 percent over the past 12 months and 0.4 percent in September. Last month’s report showed airfares rising 33 percent annually.  Airfares have risen faster than other good

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