According to the U.S. Bureau of Labor Statistics, prices for energy were 924.08% higher in 2018 versus 1957 (a $8,593,962.79 difference in value).
Between 1957 and 2018: Energy experienced an average inflation rate of 3.89% per year. This rate of change indicates significant inflation. In other words, energy costing $930,000 in the year 1957 would cost $9,523,962.79 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for energy was higher.
Below are calculations of equivalent buying power for Energy, over time, for $930,000 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 | $930,000.00 | - |
1958 | $932,331.66 | 0.25% |
1959 | $948,320.20 | 1.71% |
1960 | $971,303.72 | 2.42% |
1961 | $973,968.48 | 0.27% |
1962 | $977,965.62 | 0.41% |
1963 | $979,631.09 | 0.17% |
1964 | $975,633.95 | -0.41% |
1965 | $993,621.06 | 1.84% |
1966 | $1,008,943.41 | 1.54% |
1967 | $1,032,260.03 | 2.31% |
1968 | $1,047,582.38 | 1.48% |
1969 | $1,074,563.04 | 2.58% |
1970 | $1,104,208.45 | 2.76% |
1971 | $1,147,843.84 | 3.95% |
1972 | $1,179,487.82 | 2.76% |
1973 | $1,275,085.96 | 8.11% |
1974 | $1,647,818.77 | 29.23% |
1975 | $1,822,693.41 | 10.61% |
1976 | $1,953,266.48 | 7.16% |
1977 | $2,138,800.14 | 9.50% |
1978 | $2,274,702.72 | 6.35% |
1979 | $2,846,626.07 | 25.14% |
1980 | $3,725,329.51 | 30.87% |
1981 | $4,231,300.14 | 13.58% |
1982 | $4,293,588.83 | 1.47% |
1983 | $4,326,898.28 | 0.78% |
1984 | $4,370,200.57 | 1.00% |
1985 | $4,400,845.27 | 0.70% |
1986 | $3,820,594.56 | -13.18% |
1987 | $3,835,916.91 | 0.40% |
1988 | $3,864,896.13 | 0.76% |
1989 | $4,084,072.35 | 5.67% |
1990 | $4,420,830.95 | 8.25% |
1991 | $4,436,486.39 | 0.35% |
1992 | $4,460,136.10 | 0.53% |
1993 | $4,510,100.29 | 1.12% |
1994 | $4,530,419.05 | 0.45% |
1995 | $4,557,066.62 | 0.59% |
1996 | $4,768,914.76 | 4.65% |
1997 | $4,828,871.78 | 1.26% |
1998 | $4,454,806.59 | -7.75% |
1999 | $4,616,690.54 | 3.63% |
2000 | $5,395,798.71 | 16.88% |
2001 | $5,598,653.30 | 3.76% |
2002 | $5,268,889.68 | -5.89% |
2003 | $5,910,429.80 | 12.18% |
2004 | $6,555,633.95 | 10.92% |
2005 | $7,666,837.39 | 16.95% |
2006 | $8,524,555.87 | 11.19% |
2007 | $8,994,892.05 | 5.52% |
2008 | $10,248,190.29 | 13.93% |
2009 | $8,362,808.49 | -18.40% |
2010 | $9,156,226.40 | 9.49% |
2011 | $10,561,822.13 | 15.35% |
2012 | $10,655,844.73 | 0.89% |
2013 | $10,583,489.94 | -0.68% |
2014 | $10,547,718.91 | -0.34% |
2015 | $8,785,818.59 | -16.70% |
2016 | $8,207,296.63 | -6.58% |
2017 | $8,857,040.87 | 7.92% |
2018 | $9,523,962.79 | 7.53% |
2019 | $9,322,727.04 | -2.11% |
2020 | $8,528,356.48 | -8.52% |
2021 | $10,320,012.14 | 21.01% |
2022 | $12,915,588.18 | 25.15% |
2023 | $12,266,916.51 | -5.02% |
2024 | $11,837,785.80 | -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 |