According to the U.S. Bureau of Labor Statistics, prices for energy were 782.51% higher in 2016 versus 1957 (a $140,850,902.58 difference in value).
Between 1957 and 2016: Energy experienced an average inflation rate of 3.76% per year. This rate of change indicates significant inflation. In other words, energy costing $18,000,000 in the year 1957 would cost $158,850,902.58 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.70% during this same period, inflation for energy was higher.
Below are calculations of equivalent buying power for Energy, over time, for $18,000,000 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 | $18,000,000.00 | - |
1958 | $18,045,128.94 | 0.25% |
1959 | $18,354,584.53 | 1.71% |
1960 | $18,799,426.93 | 2.42% |
1961 | $18,851,002.87 | 0.27% |
1962 | $18,928,366.76 | 0.41% |
1963 | $18,960,601.72 | 0.17% |
1964 | $18,883,237.82 | -0.41% |
1965 | $19,231,375.36 | 1.84% |
1966 | $19,527,936.96 | 1.54% |
1967 | $19,979,226.36 | 2.31% |
1968 | $20,275,787.97 | 1.48% |
1969 | $20,797,994.27 | 2.58% |
1970 | $21,371,776.50 | 2.76% |
1971 | $22,216,332.38 | 3.95% |
1972 | $22,828,796.56 | 2.76% |
1973 | $24,679,083.09 | 8.11% |
1974 | $31,893,266.48 | 29.23% |
1975 | $35,277,936.96 | 10.61% |
1976 | $37,805,157.59 | 7.16% |
1977 | $41,396,131.81 | 9.50% |
1978 | $44,026,504.30 | 6.35% |
1979 | $55,095,988.54 | 25.14% |
1980 | $72,103,151.86 | 30.87% |
1981 | $81,896,131.81 | 13.58% |
1982 | $83,101,719.20 | 1.47% |
1983 | $83,746,418.34 | 0.78% |
1984 | $84,584,527.22 | 1.00% |
1985 | $85,177,650.43 | 0.70% |
1986 | $73,946,991.40 | -13.18% |
1987 | $74,243,553.01 | 0.40% |
1988 | $74,804,441.26 | 0.76% |
1989 | $79,046,561.60 | 5.67% |
1990 | $85,564,469.91 | 8.25% |
1991 | $85,867,478.51 | 0.35% |
1992 | $86,325,214.90 | 0.53% |
1993 | $87,292,263.61 | 1.12% |
1994 | $87,685,530.09 | 0.45% |
1995 | $88,201,289.40 | 0.59% |
1996 | $92,301,575.93 | 4.65% |
1997 | $93,462,034.38 | 1.26% |
1998 | $86,222,063.04 | -7.75% |
1999 | $89,355,300.86 | 3.63% |
2000 | $104,434,813.75 | 16.88% |
2001 | $108,361,031.52 | 3.76% |
2002 | $101,978,510.03 | -5.89% |
2003 | $114,395,415.47 | 12.18% |
2004 | $126,883,237.82 | 10.92% |
2005 | $148,390,401.15 | 16.95% |
2006 | $164,991,404.01 | 11.19% |
2007 | $174,094,684.81 | 5.52% |
2008 | $198,352,070.20 | 13.93% |
2009 | $161,860,809.46 | -18.40% |
2010 | $177,217,285.10 | 9.49% |
2011 | $204,422,363.90 | 15.35% |
2012 | $206,242,156.16 | 0.89% |
2013 | $204,841,740.69 | -0.68% |
2014 | $204,149,398.28 | -0.34% |
2015 | $170,048,101.72 | -16.70% |
2016 | $158,850,902.58 | -6.58% |
2017 | $171,426,597.42 | 7.92% |
2018 | $184,334,763.61 | 7.53% |
2019 | $180,439,878.22 | -2.11% |
2020 | $165,064,964.18 | -8.52% |
2021 | $199,742,170.49 | 21.01% |
2022 | $249,979,126.07 | 25.15% |
2023 | $237,424,190.54 | -5.02% |
2024 | $229,118,434.81 | -3.50%* |
* 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 | 273.375 |