According to the U.S. Bureau of Labor Statistics, prices for energy commodities were 7.65% lower in 2020 versus 2015 (a $1.53 difference in value).
Between 2015 and 2020: Energy commodities experienced an average inflation rate of -1.58% per year. In other words, energy commodities costing $20 in the year 2015 would cost $18.47 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.73% during this same period, inflation for energy commodities was significantly lower.
In the year 2015: Pricing changed by -27.01%, which is significantly below the average yearly change for energy commodities during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|