According to the U.S. Bureau of Labor Statistics, prices for energy were 422.52% higher in 2018 versus 1975 (a $42,252,138.16 difference in value).
Between 1975 and 2018: Energy experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, energy costing $10,000,000 in the year 1975 would cost $52,252,138.16 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for energy was higher.
In the year 1975: Pricing changed by 10.61%, which is significantly above the average yearly change for energy during the 1975-2018 time period. Compared to inflation for all items in 1975 (9.14%), inflation for energy was higher.
Below are calculations of equivalent buying power for Energy, over time, for $10,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1975 | $10,000,000.00 | 10.61% |
1976 | $10,716,374.27 | 7.16% |
1977 | $11,734,283.63 | 9.50% |
1978 | $12,479,897.66 | 6.35% |
1979 | $15,617,690.06 | 25.14% |
1980 | $20,438,596.49 | 30.87% |
1981 | $23,214,546.78 | 13.58% |
1982 | $23,556,286.55 | 1.47% |
1983 | $23,739,035.09 | 0.78% |
1984 | $23,976,608.19 | 1.00% |
1985 | $24,144,736.84 | 0.70% |
1986 | $20,961,257.31 | -13.18% |
1987 | $21,045,321.64 | 0.40% |
1988 | $21,204,312.87 | 0.76% |
1989 | $22,406,798.25 | 5.67% |
1990 | $24,254,385.96 | 8.25% |
1991 | $24,340,277.78 | 0.35% |
1992 | $24,470,029.24 | 0.53% |
1993 | $24,744,152.05 | 1.12% |
1994 | $24,855,628.65 | 0.45% |
1995 | $25,001,827.49 | 0.59% |
1996 | $26,164,108.19 | 4.65% |
1997 | $26,493,055.56 | 1.26% |
1998 | $24,440,789.47 | -7.75% |
1999 | $25,328,947.37 | 3.63% |
2000 | $29,603,435.67 | 16.88% |
2001 | $30,716,374.27 | 3.76% |
2002 | $28,907,163.74 | -5.89% |
2003 | $32,426,900.58 | 12.18% |
2004 | $35,966,739.77 | 10.92% |
2005 | $42,063,230.99 | 16.95% |
2006 | $46,769,005.85 | 11.19% |
2007 | $49,349,451.75 | 5.52% |
2008 | $56,225,529.97 | 13.93% |
2009 | $45,881,597.22 | -18.40% |
2010 | $50,234,594.30 | 9.49% |
2011 | $57,946,235.38 | 15.35% |
2012 | $58,462,079.68 | 0.89% |
2013 | $58,065,113.30 | -0.68% |
2014 | $57,868,859.65 | -0.34% |
2015 | $48,202,394.01 | -16.70% |
2016 | $45,028,399.12 | -6.58% |
2017 | $48,593,146.93 | 7.92% |
2018 | $52,252,138.16 | 7.53% |
2019 | $51,148,081.14 | -2.11% |
2020 | $46,789,857.46 | -8.52% |
2021 | $56,619,572.37 | 21.01% |
2022 | $70,859,904.97 | 25.15% |
2023 | $67,301,041.67 | -5.02% |
2024 | $64,946,664.84 | -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 |