According to the U.S. Bureau of Labor Statistics, prices for energy commodities were 9.75% higher in 2019 versus 2017 (a $1.95 difference in value).
Between 2017 and 2019: 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 2017 would cost $21.95 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for energy commodities was higher.
In the year 2017: Pricing changed by 12.89%, which is significantly above the average yearly change for energy commodities during the 2017-2019 time period. Compared to inflation for all items in 2017 (2.13%), inflation for energy commodities was much higher.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|