According to the U.S. Bureau of Labor Statistics, prices for energy commodities are 1,315.67% higher in 2024 versus 1962 (a $263.13 difference in value).
Between 1962 and 2024: Energy commodities experienced an average inflation rate of 4.37% per year. This rate of change indicates significant inflation. In other words, energy commodities costing $20 in the year 1962 would cost $283.13 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.84% during this same period, inflation for energy commodities was higher.
In the year 1962: Pricing changed by 0.46%, which is significantly below the average yearly change for energy commodities during the 1962-2024 time period. Compared to inflation for all items in 1962 (1.18%), inflation for energy commodities was lower.
Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1962 | $20.00 | 0.46% |
1963 | $20.09 | 0.45% |
1964 | $19.95 | -0.70% |
1965 | $20.56 | 3.05% |
1966 | $21.06 | 2.45% |
1967 | $21.77 | 3.36% |
1968 | $22.22 | 2.06% |
1969 | $22.91 | 3.12% |
1970 | $23.28 | 1.62% |
1971 | $23.76 | 2.04% |
1972 | $24.07 | 1.30% |
1973 | $26.52 | 10.18% |
1974 | $36.72 | 38.51% |
1975 | $39.44 | 7.39% |
1976 | $41.27 | 4.63% |
1977 | $44.30 | 7.36% |
1978 | $46.37 | 4.66% |
1979 | $62.51 | 34.80% |
1980 | $86.59 | 38.52% |
1981 | $97.88 | 13.04% |
1982 | $93.61 | -4.36% |
1983 | $90.04 | -3.81% |
1984 | $89.29 | -0.83% |
1985 | $89.30 | 0.01% |
1986 | $70.24 | -21.35% |
1987 | $72.93 | 3.83% |
1988 | $73.47 | 0.75% |
1989 | $79.99 | 8.88% |
1990 | $92.06 | 15.08% |
1991 | $90.14 | -2.08% |
1992 | $89.41 | -0.82% |
1993 | $88.54 | -0.96% |
1994 | $88.78 | 0.27% |
1995 | $89.90 | 1.26% |
1996 | $96.17 | 6.97% |
1997 | $96.19 | 0.03% |
1998 | $83.78 | -12.91% |
1999 | $90.99 | 8.61% |
2000 | $117.80 | 29.45% |
2001 | $113.90 | -3.30% |
2002 | $106.56 | -6.44% |
2003 | $124.34 | 16.68% |
2004 | $146.63 | 17.93% |
2005 | $179.61 | 22.49% |
2006 | $202.85 | 12.94% |
2007 | $219.26 | 8.09% |
2008 | $258.68 | 17.98% |
2009 | $186.75 | -27.81% |
2010 | $220.73 | 18.20% |
2011 | $278.78 | 26.30% |
2012 | $287.47 | 3.12% |
2013 | $279.63 | -2.73% |
2014 | $270.10 | -3.41% |
2015 | $197.15 | -27.01% |
2016 | $174.29 | -11.59% |
2017 | $196.76 | 12.89% |
2018 | $223.98 | 13.84% |
2019 | $215.94 | -3.59% |
2020 | $180.83 | -16.26% |
2021 | $244.82 | 35.39% |
2022 | $325.25 | 32.85% |
2023 | $290.34 | -10.73% |
2024 | $283.13 | -2.48%* |
* 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 commodities:
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 | 21.592 | 21.269 | 21.515 | 21.892 | 21.885 | 21.985 | 22.085 | 21.931 | 22.600 | 23.154 | 23.931 | 24.423 | 25.185 | 25.592 | 26.115 | 26.454 | 29.146 | 40.369 | 43.354 | 45.362 | 48.700 | 50.969 | 68.708 | 95.177 | 107.592 | 102.900 | 98.977 | 98.154 | 98.162 | 77.208 | 80.162 | 80.762 | 87.931 | 101.192 | 99.085 | 98.277 | 97.331 | 97.592 | 98.823 | 105.708 | 105.738 | 92.092 | 100.023 | 129.485 | 125.208 | 117.138 | 136.677 | 161.177 | 197.431 | 222.977 | 241.018 | 284.352 | 205.281 | 242.636 | 306.445 | 315.999 | 307.373 | 296.900 | 216.714 | 191.589 | 216.285 | 246.210 | 237.363 | 198.779 | 269.119 | 357.530 | 319.154 | 311.230 |