According to the U.S. Bureau of Labor Statistics, prices for energy were 844.71% higher in 2015 versus 1957 (a $60,819,240.69 difference in value).
Between 1957 and 2015: Energy experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, energy costing $7,200,000 in the year 1957 would cost $68,019,240.69 in 2015 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation for energy was higher.
Below are calculations of equivalent buying power for Energy, over time, for $7,200,000 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1957 | $7,200,000.00 | - |
1958 | $7,218,051.58 | 0.25% |
1959 | $7,341,833.81 | 1.71% |
1960 | $7,519,770.77 | 2.42% |
1961 | $7,540,401.15 | 0.27% |
1962 | $7,571,346.70 | 0.41% |
1963 | $7,584,240.69 | 0.17% |
1964 | $7,553,295.13 | -0.41% |
1965 | $7,692,550.14 | 1.84% |
1966 | $7,811,174.79 | 1.54% |
1967 | $7,991,690.54 | 2.31% |
1968 | $8,110,315.19 | 1.48% |
1969 | $8,319,197.71 | 2.58% |
1970 | $8,548,710.60 | 2.76% |
1971 | $8,886,532.95 | 3.95% |
1972 | $9,131,518.62 | 2.76% |
1973 | $9,871,633.24 | 8.11% |
1974 | $12,757,306.59 | 29.23% |
1975 | $14,111,174.79 | 10.61% |
1976 | $15,122,063.04 | 7.16% |
1977 | $16,558,452.72 | 9.50% |
1978 | $17,610,601.72 | 6.35% |
1979 | $22,038,395.42 | 25.14% |
1980 | $28,841,260.74 | 30.87% |
1981 | $32,758,452.72 | 13.58% |
1982 | $33,240,687.68 | 1.47% |
1983 | $33,498,567.34 | 0.78% |
1984 | $33,833,810.89 | 1.00% |
1985 | $34,071,060.17 | 0.70% |
1986 | $29,578,796.56 | -13.18% |
1987 | $29,697,421.20 | 0.40% |
1988 | $29,921,776.50 | 0.76% |
1989 | $31,618,624.64 | 5.67% |
1990 | $34,225,787.97 | 8.25% |
1991 | $34,346,991.40 | 0.35% |
1992 | $34,530,085.96 | 0.53% |
1993 | $34,916,905.44 | 1.12% |
1994 | $35,074,212.03 | 0.45% |
1995 | $35,280,515.76 | 0.59% |
1996 | $36,920,630.37 | 4.65% |
1997 | $37,384,813.75 | 1.26% |
1998 | $34,488,825.21 | -7.75% |
1999 | $35,742,120.34 | 3.63% |
2000 | $41,773,925.50 | 16.88% |
2001 | $43,344,412.61 | 3.76% |
2002 | $40,791,404.01 | -5.89% |
2003 | $45,758,166.19 | 12.18% |
2004 | $50,753,295.13 | 10.92% |
2005 | $59,356,160.46 | 16.95% |
2006 | $65,996,561.60 | 11.19% |
2007 | $69,637,873.93 | 5.52% |
2008 | $79,340,828.08 | 13.93% |
2009 | $64,744,323.78 | -18.40% |
2010 | $70,886,914.04 | 9.49% |
2011 | $81,768,945.56 | 15.35% |
2012 | $82,496,862.46 | 0.89% |
2013 | $81,936,696.28 | -0.68% |
2014 | $81,659,759.31 | -0.34% |
2015 | $68,019,240.69 | -16.70% |
2016 | $63,540,361.03 | -6.58% |
2017 | $68,570,638.97 | 7.92% |
2018 | $73,733,905.44 | 7.53% |
2019 | $72,175,951.29 | -2.11% |
2020 | $66,025,985.67 | -8.52% |
2021 | $79,896,868.19 | 21.01% |
2022 | $99,991,650.43 | 25.15% |
2023 | $94,969,676.22 | -5.02% |
2024 | $92,946,610.32 | -2.13%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy:
Year | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 21.477 | 21.531 | 21.900 | 22.431 | 22.492 | 22.585 | 22.623 | 22.531 | 22.946 | 23.300 | 23.838 | 24.192 | 24.815 | 25.500 | 26.508 | 27.238 | 29.446 | 38.054 | 42.092 | 45.108 | 49.392 | 52.531 | 65.738 | 86.031 | 97.715 | 99.154 | 99.923 | 100.923 | 101.631 | 88.231 | 88.585 | 89.254 | 94.315 | 102.092 | 102.454 | 103.000 | 104.154 | 104.623 | 105.238 | 110.131 | 111.515 | 102.877 | 106.615 | 124.608 | 129.292 | 121.677 | 136.492 | 151.392 | 177.054 | 196.862 | 207.723 | 236.666 | 193.126 | 211.449 | 243.909 | 246.080 | 244.409 | 243.583 | 202.895 | 189.535 | 204.540 | 219.941 | 215.294 | 196.949 | 238.325 | 298.266 | 283.286 | 277.251 |