Energy price inflation, 1984→2019

Energy Inflation Calculator

Prices for Energy, 1984-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy were 113.32% higher in 2019 versus 1984 (a $22.66 difference in value).

Between 1984 and 2019: Energy experienced an average inflation rate of 2.19% per year. This rate of change indicates significant inflation. In other words, energy costing $20 in the year 1984 would cost $42.66 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation for energy was lower.

In the year 1984: Pricing changed by 1%, which is below the average yearly change for energy during the 1984-2019 time period. Compared to inflation for all items in 1984 (4.30%), inflation for energy was much lower.

Price Inflation for Energy since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (30.87%), 1974 (29.23%), and 2022 (25.15%).

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Buying power of $20.00 since 1984

Below are calculations of equivalent buying power for Energy, over time, for $20 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1984	$20.00	1.00%
1985	$20.14	0.70%
1986	$17.48	-13.18%
1987	$17.55	0.40%
1988	$17.69	0.76%
1989	$18.69	5.67%
1990	$20.23	8.25%
1991	$20.30	0.35%
1992	$20.41	0.53%
1993	$20.64	1.12%
1994	$20.73	0.45%
1995	$20.86	0.59%
1996	$21.82	4.65%
1997	$22.10	1.26%
1998	$20.39	-7.75%
1999	$21.13	3.63%
2000	$24.69	16.88%
2001	$25.62	3.76%
2002	$24.11	-5.89%
2003	$27.05	12.18%
2004	$30.00	10.92%
2005	$35.09	16.95%
2006	$39.01	11.19%
2007	$41.16	5.52%
2008	$46.90	13.93%
2009	$38.27	-18.40%
2010	$41.90	9.49%
2011	$48.34	15.35%
2012	$48.77	0.89%
2013	$48.43	-0.68%
2014	$48.27	-0.34%
2015	$40.21	-16.70%
2016	$37.56	-6.58%
2017	$40.53	7.92%
2018	$43.59	7.53%
2019	$42.66	-2.11%
2020	$39.03	-8.52%
2021	$47.23	21.01%
2022	$59.11	25.15%
2023	$56.14	-5.02%
2024	$54.94	-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

Adjust energy prices for inflation

Start with the inflation rate formula:

CPI in 2019 / CPI in 1984 * 1984 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Energy was 100.923 in the year 1984 and 215.294 in 2019:

215.294 / 100.923 * $20 = $42.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1984 has the same "purchasing power" as $42.66 in 2019 (in the CPI category of Energy).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Energy in 1957. In addition to energy, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.