Energy commodities priced at $20 in 2007 $26.84 in 2023

Energy Commodities Inflation Calculator


Prices for Energy Commodities, 2007-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy commodities are 34.20% higher in 2023 versus 2007 (a $6.84 difference in value).

Between 2007 and 2023: Energy commodities experienced an average inflation rate of 1.86% per year. In other words, energy commodities costing $20 in the year 2007 would cost $26.84 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for energy commodities was lower.

In the year 2007: Pricing changed by 8.09%, which is significantly above the average yearly change for energy commodities during the 2007-2023 time period. Compared to inflation for all items in 2007 (2.85%), inflation for energy commodities was much 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%).

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Buying power of $20.00 since 2007

Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust energy commodities prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2007 * 2007 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Energy commodities was 241.018 in the year 2007 and 323.448 in 2023:

323.448 / 241.018 * $20 = $26.84

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2007 has the same "purchasing power" as $26.84 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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