According to the U.S. Bureau of Labor Statistics, prices for energy commodities were 32.59% lower in 2020 versus 2014 (a $6.52 difference in value).
Between 2014 and 2020: Energy commodities experienced an average inflation rate of -6.36% per year. This rate of change indicates significant deflation. In other words, energy commodities costing $20 in the year 2014 would cost $13.48 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for energy commodities was significantly lower.
In the year 2014: Pricing changed by -3.41%, which is above the average yearly change for energy commodities during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for energy commodities was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy commodities:
Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|