Fuels and utilities priced at $20 in 1968 $175.69 in 2018

Historical Price Inflation for Fuels and utilities

$

Prices for Fuels And Utilities, 1968-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuels and utilities were 778.44% higher in 2018 versus 1968 (a $155.69 difference in value).

Between 1968 and 2018: Fuels and utilities experienced an average inflation rate of 4.44% per year. This rate of change indicates significant inflation. In other words, fuels and utilities costing $20 in the year 1968 would cost $175.69 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 4.03% during this same period, inflation for fuels and utilities was higher.

In the year 1968: Pricing changed by 1.35%, which is significantly below the average yearly change for fuels and utilities during the 1968-2018 time period. Compared to inflation for all items in 1968 (4.27%), inflation for fuels and utilities was lower.

Price Inflation for Fuels and utilities since 1953

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (18.39%), 1980 (16.34%), and 1981 (14.64%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fuels and utilities:

Year 1953 1954 1955 1956 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
CPI 22.483 22.583 23.050 23.642 24.325 24.817 25.375 25.942 26.267 26.342 26.550 26.658 26.633 26.750 27.075 27.442 28.033 29.158 31.150 32.542 34.342 40.658 45.425 49.475 54.758 58.400 64.717 75.292 86.317 94.867 100.108 104.767 106.492 104.067 103.033 104.467 107.783 111.608 115.258 117.800 121.317 122.800 123.625 127.517 130.717 128.467 128.808 137.908 150.100 143.600 154.575 161.900 179.025 194.692 200.649 220.012 210.689 214.181 220.393 218.992 225.224 234.586 230.139 228.866 237.314 241.058

View price changes for other categories
Indoor plants and flowers · Food · Bread · Dental services · More

Buying power of $20 since 1968

Below are calculations of equivalent buying power for Fuels and utilities, over time, for $20 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1968 $20.00 1.35%
1969 $20.43 2.16%
1970 $21.25 4.01%
1971 $22.70 6.83%
1972 $23.72 4.47%
1973 $25.03 5.53%
1974 $29.63 18.39%
1975 $33.11 11.72%
1976 $36.06 8.92%
1977 $39.91 10.68%
1978 $42.56 6.65%
1979 $47.17 10.82%
1980 $54.87 16.34%
1981 $62.91 14.64%
1982 $69.14 9.91%
1983 $72.96 5.53%
1984 $76.36 4.65%
1985 $77.61 1.65%
1986 $75.85 -2.28%
1987 $75.09 -0.99%
1988 $76.14 1.39%
1989 $78.55 3.17%
1990 $81.34 3.55%
1991 $84.00 3.27%
1992 $85.85 2.21%
1993 $88.42 2.99%
1994 $89.50 1.22%
1995 $90.10 0.67%
1996 $92.94 3.15%
1997 $95.27 2.51%
1998 $93.63 -1.72%
1999 $93.88 0.27%
2000 $100.51 7.06%
2001 $109.40 8.84%
2002 $104.66 -4.33%
2003 $112.66 7.64%
2004 $118.00 4.74%
2005 $130.48 10.58%
2006 $141.89 8.75%
2007 $146.24 3.06%
2008 $160.35 9.65%
2009 $153.55 -4.24%
2010 $156.10 1.66%
2011 $160.63 2.90%
2012 $159.61 -0.64%
2013 $164.15 2.85%
2014 $170.97 4.16%
2015 $167.73 -1.90%
2016 $166.80 -0.55%
2017 $172.96 3.69%
2018 $175.69 1.58%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuels and utilities, 1968-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1968 * 1968 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Fuels and utilities was 27.442 in the year 1968 and 241.058 in 2018:

241.058 / 27.442 * $20 = $175.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1968 has the same "purchasing power" as $175.69 in 2018 (in the CPI category of Fuels and utilities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fuels and utilities in 1953. In addition to fuels and utilities, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation.