Energy commodities priced at $20 in 2018 $24.85 in 2024

Energy Commodities Inflation Calculator

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Prices for Energy Commodities, 2018-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy commodities are 24.25% higher in 2024 versus 2018 (a $4.85 difference in value).

Between 2018 and 2024: Energy commodities experienced an average inflation rate of 3.68% per year. This rate of change indicates significant inflation. In other words, energy commodities costing $20 in the year 2018 would cost $24.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.64% during this same period, inflation for energy commodities was higher.

In the year 2018: Pricing changed by 13.84%, which is significantly above the average yearly change for energy commodities during the 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018

Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2018$20.0013.84%
2019$19.28-3.59%
2020$16.15-16.26%
2021$21.8635.39%
2022$29.0432.85%
2023$25.93-10.73%
2024$24.85-4.15%*

* 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:

Year19571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI21.59221.26921.51521.89221.88521.98522.08521.93122.60023.15423.93124.42325.18525.59226.11526.45429.14640.36943.35445.36248.70050.96968.70895.177107.592102.90098.97798.15498.16277.20880.16280.76287.931101.19299.08598.27797.33197.59298.823105.708105.73892.092100.023129.485125.208117.138136.677161.177197.431222.977241.018284.352205.281242.636306.445315.999307.373296.900216.714191.589216.285246.210237.363198.779269.119357.530319.154305.913

Adjust energy commodities prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2018 * 2018 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Energy commodities was 246.210 in the year 2018 and 305.913 in 2024:

305.913 / 246.210 * $20 = $24.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $24.85 in 2024 (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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