Energy commodities priced at $20 in 1977 $132.83 in 2023

Energy Commodities Inflation Calculator

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Prices for Energy Commodities, 1977-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy commodities are 564.16% higher in 2023 versus 1977 (a $112.83 difference in value).

Between 1977 and 2023: Energy commodities experienced an average inflation rate of 4.20% per year. This rate of change indicates significant inflation. In other words, energy commodities costing $20 in the year 1977 would cost $132.83 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for energy commodities was higher.

In the year 1977: Pricing changed by 7.36%, which is significantly above the average yearly change for energy commodities during the 1977-2023 time period. Compared to inflation for all items in 1977 (6.50%), inflation for energy commodities was higher.

Price Inflation for Energy commodities since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (38.52%), 1974 (38.51%), and 2021 (35.39%).

View price changes for other categories
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Buying power of $20.00 since 1977

Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$20.007.36%
1978$20.934.66%
1979$28.2234.80%
1980$39.0938.52%
1981$44.1913.04%
1982$42.26-4.36%
1983$40.65-3.81%
1984$40.31-0.83%
1985$40.310.01%
1986$31.71-21.35%
1987$32.923.83%
1988$33.170.75%
1989$36.118.88%
1990$41.5615.08%
1991$40.69-2.08%
1992$40.36-0.82%
1993$39.97-0.96%
1994$40.080.27%
1995$40.581.26%
1996$43.416.97%
1997$43.420.03%
1998$37.82-12.91%
1999$41.088.61%
2000$53.1829.45%
2001$51.42-3.30%
2002$48.11-6.44%
2003$56.1316.68%
2004$66.1917.93%
2005$81.0822.49%
2006$91.5712.94%
2007$98.988.09%
2008$116.7817.98%
2009$84.30-27.81%
2010$99.6518.20%
2011$125.8526.30%
2012$129.773.12%
2013$126.23-2.73%
2014$121.93-3.41%
2015$89.00-27.01%
2016$78.68-11.59%
2017$88.8212.89%
2018$101.1113.84%
2019$97.48-3.59%
2020$81.63-16.26%
2021$110.5235.39%
2022$146.8332.85%
2023$132.83-9.53%*

* 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:

Year1957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI21.59221.26921.51521.89221.88521.98522.08521.93122.60023.15423.93124.42325.18525.59226.11526.45429.14640.36943.35445.36248.70050.96968.70895.177107.592102.90098.97798.15498.16277.20880.16280.76287.931101.19299.08598.27797.33197.59298.823105.708105.73892.092100.023129.485125.208117.138136.677161.177197.431222.977241.018284.352205.281242.636306.445315.999307.373296.900216.714191.589216.285246.210237.363198.779269.119357.530323.448

Adjust energy commodities prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1977 * 1977 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Energy commodities was 48.700 in the year 1977 and 323.448 in 2023:

323.448 / 48.700 * $20 = $132.83

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $132.83 in 2023 (in the CPI category of Energy commodities).


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

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