According to the U.S. Bureau of Labor Statistics, prices for energy were 842.35% higher in 2015 versus 1958 (a $30,411,504.76 difference in value).
Between 1958 and 2015: Energy experienced an average inflation rate of 4.01% per year. This rate of change indicates significant inflation. In other words, energy costing $3,610,321 in the year 1958 would cost $34,021,825.76 in 2015 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for energy was higher.
In the year 1958: Pricing changed by 0.25%, which is significantly below the average yearly change for energy during the 1958-2015 time period. Compared to inflation for all items in 1958 (2.74%), inflation for energy was lower.
Below are calculations of equivalent buying power for Energy, over time, for $3,610,321 beginning in 1958. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1958 | $3,610,321.00 | 0.25% |
1959 | $3,672,234.33 | 1.71% |
1960 | $3,761,234.74 | 2.42% |
1961 | $3,771,553.63 | 0.27% |
1962 | $3,787,031.96 | 0.41% |
1963 | $3,793,481.27 | 0.17% |
1964 | $3,778,002.93 | -0.41% |
1965 | $3,847,655.43 | 1.84% |
1966 | $3,906,989.04 | 1.54% |
1967 | $3,997,279.31 | 2.31% |
1968 | $4,056,612.91 | 1.48% |
1969 | $4,161,091.66 | 2.58% |
1970 | $4,275,889.29 | 2.76% |
1971 | $4,444,861.08 | 3.95% |
1972 | $4,567,397.88 | 2.76% |
1973 | $4,937,587.99 | 8.11% |
1974 | $6,380,942.47 | 29.23% |
1975 | $7,058,119.51 | 10.61% |
1976 | $7,563,745.03 | 7.16% |
1977 | $8,282,197.62 | 9.50% |
1978 | $8,808,460.92 | 6.35% |
1979 | $11,023,152.29 | 25.14% |
1980 | $14,425,805.67 | 30.87% |
1981 | $16,385,104.56 | 13.58% |
1982 | $16,626,308.57 | 1.47% |
1983 | $16,755,294.67 | 0.78% |
1984 | $16,922,976.61 | 1.00% |
1985 | $17,041,643.82 | 0.70% |
1986 | $14,794,705.92 | -13.18% |
1987 | $14,854,039.53 | 0.40% |
1988 | $14,966,257.44 | 0.76% |
1989 | $15,814,985.99 | 5.67% |
1990 | $17,119,035.48 | 8.25% |
1991 | $17,179,658.95 | 0.35% |
1992 | $17,271,239.08 | 0.53% |
1993 | $17,464,718.24 | 1.12% |
1994 | $17,543,399.76 | 0.45% |
1995 | $17,646,588.64 | 0.59% |
1996 | $18,466,940.25 | 4.65% |
1997 | $18,699,115.23 | 1.26% |
1998 | $17,250,601.31 | -7.75% |
1999 | $17,877,473.76 | 3.63% |
2000 | $20,894,458.69 | 16.88% |
2001 | $21,679,984.05 | 3.76% |
2002 | $20,403,021.64 | -5.89% |
2003 | $22,887,293.97 | 12.18% |
2004 | $25,385,754.77 | 10.92% |
2005 | $29,688,731.14 | 16.95% |
2006 | $33,010,123.27 | 11.19% |
2007 | $34,831,432.83 | 5.52% |
2008 | $39,684,651.01 | 13.93% |
2009 | $32,383,779.66 | -18.40% |
2010 | $35,456,177.02 | 9.49% |
2011 | $40,899,145.45 | 15.35% |
2012 | $41,263,234.52 | 0.89% |
2013 | $40,983,050.91 | -0.68% |
2014 | $40,844,532.74 | -0.34% |
2015 | $34,021,825.76 | -16.70% |
2016 | $31,781,582.24 | -6.58% |
2017 | $34,297,623.85 | 7.92% |
2018 | $36,880,183.58 | 7.53% |
2019 | $36,100,926.95 | -2.11% |
2020 | $33,024,840.58 | -8.52% |
2021 | $39,962,770.85 | 21.01% |
2022 | $50,013,767.78 | 25.15% |
2023 | $47,501,879.53 | -5.02% |
2024 | $46,489,983.56 | -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 |