According to the U.S. Bureau of Labor Statistics, prices for energy commodities are 1,076.11% higher in 2024 versus 1971 (a $215.22 difference in value).
Between 1971 and 2024: Energy commodities experienced an average inflation rate of 4.76% per year. This rate of change indicates significant inflation. In other words, energy commodities costing $20 in the year 1971 would cost $235.22 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for energy commodities was higher.
In the year 1971: Pricing changed by 2.04%, which is below the average yearly change for energy commodities during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation for energy commodities was lower.
Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $20.00 | 2.04% |
| 1972 | $20.26 | 1.30% |
| 1973 | $22.32 | 10.18% |
| 1974 | $30.92 | 38.51% |
| 1975 | $33.20 | 7.39% |
| 1976 | $34.74 | 4.63% |
| 1977 | $37.30 | 7.36% |
| 1978 | $39.03 | 4.66% |
| 1979 | $52.62 | 34.80% |
| 1980 | $72.89 | 38.52% |
| 1981 | $82.40 | 13.04% |
| 1982 | $78.80 | -4.36% |
| 1983 | $75.80 | -3.81% |
| 1984 | $75.17 | -0.83% |
| 1985 | $75.18 | 0.01% |
| 1986 | $59.13 | -21.35% |
| 1987 | $61.39 | 3.83% |
| 1988 | $61.85 | 0.75% |
| 1989 | $67.34 | 8.88% |
| 1990 | $77.50 | 15.08% |
| 1991 | $75.88 | -2.08% |
| 1992 | $75.26 | -0.82% |
| 1993 | $74.54 | -0.96% |
| 1994 | $74.74 | 0.27% |
| 1995 | $75.68 | 1.26% |
| 1996 | $80.95 | 6.97% |
| 1997 | $80.98 | 0.03% |
| 1998 | $70.53 | -12.91% |
| 1999 | $76.60 | 8.61% |
| 2000 | $99.16 | 29.45% |
| 2001 | $95.89 | -3.30% |
| 2002 | $89.71 | -6.44% |
| 2003 | $104.67 | 16.68% |
| 2004 | $123.43 | 17.93% |
| 2005 | $151.20 | 22.49% |
| 2006 | $170.76 | 12.94% |
| 2007 | $184.58 | 8.09% |
| 2008 | $217.77 | 17.98% |
| 2009 | $157.21 | -27.81% |
| 2010 | $185.82 | 18.20% |
| 2011 | $234.69 | 26.30% |
| 2012 | $242.00 | 3.12% |
| 2013 | $235.40 | -2.73% |
| 2014 | $227.38 | -3.41% |
| 2015 | $165.97 | -27.01% |
| 2016 | $146.72 | -11.59% |
| 2017 | $165.64 | 12.89% |
| 2018 | $188.56 | 13.84% |
| 2019 | $181.78 | -3.59% |
| 2020 | $152.23 | -16.26% |
| 2021 | $206.10 | 35.39% |
| 2022 | $273.81 | 32.85% |
| 2023 | $244.42 | -10.73% |
| 2024 | $235.22 | -3.76%* |
* 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 | 307.147 |