According to the U.S. Bureau of Labor Statistics, prices for energy were 120.31% higher in 2016 versus 1980 (a $75,795,692,060.09 difference in value).
Between 1980 and 2016: Energy experienced an average inflation rate of 2.22% per year. This rate of change indicates significant inflation. In other words, energy costing $63,000,000,000 in the year 1980 would cost $138,795,692,060.09 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for energy was lower.
In the year 1980: Pricing changed by 30.87%, which is significantly above the average yearly change for energy during the 1980-2016 time period. Compared to inflation for all items in 1980 (13.55%), inflation for energy was much higher.
Below are calculations of equivalent buying power for Energy, over time, for $63,000,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1980 | $63,000,000,000.00 | 30.87% |
1981 | $71,556,598,712.45 | 13.58% |
1982 | $72,609,978,540.77 | 1.47% |
1983 | $73,173,283,261.80 | 0.78% |
1984 | $73,905,579,399.14 | 1.00% |
1985 | $74,423,819,742.49 | 0.70% |
1986 | $64,611,051,502.15 | -13.18% |
1987 | $64,870,171,673.82 | 0.40% |
1988 | $65,360,246,781.12 | 0.76% |
1989 | $69,066,791,845.49 | 5.67% |
1990 | $74,761,802,575.11 | 8.25% |
1991 | $75,026,555,793.99 | 0.35% |
1992 | $75,426,502,145.92 | 0.53% |
1993 | $76,271,459,227.47 | 1.12% |
1994 | $76,615,075,107.30 | 0.45% |
1995 | $77,065,718,884.12 | 0.59% |
1996 | $80,648,336,909.87 | 4.65% |
1997 | $81,662,285,407.73 | 1.26% |
1998 | $75,336,373,390.56 | -7.75% |
1999 | $78,074,034,334.76 | 3.63% |
2000 | $91,249,731,759.66 | 16.88% |
2001 | $94,680,257,510.73 | 3.76% |
2002 | $89,103,540,772.53 | -5.89% |
2003 | $99,952,789,699.57 | 12.18% |
2004 | $110,864,002,145.92 | 10.92% |
2005 | $129,655,847,639.48 | 16.95% |
2006 | $144,160,944,206.01 | 11.19% |
2007 | $152,114,919,527.90 | 5.52% |
2008 | $173,309,766,630.90 | 13.93% |
2009 | $141,425,592,811.16 | -18.40% |
2010 | $154,843,285,944.21 | 9.49% |
2011 | $178,613,674,892.70 | 15.35% |
2012 | $180,203,715,128.76 | 0.89% |
2013 | $178,980,104,613.73 | -0.68% |
2014 | $178,375,171,673.82 | -0.34% |
2015 | $148,579,224,785.41 | -16.70% |
2016 | $138,795,692,060.09 | -6.58% |
2017 | $149,783,682,939.91 | 7.92% |
2018 | $161,062,170,064.38 | 7.53% |
2019 | $157,659,020,922.75 | -2.11% |
2020 | $144,225,217,274.68 | -8.52% |
2021 | $174,524,364,270.39 | 21.01% |
2022 | $218,418,814,377.68 | 25.15% |
2023 | $207,448,961,909.87 | -5.02% |
2024 | $203,029,836,373.39 | -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 |