According to the U.S. Bureau of Labor Statistics, prices for energy commodities were 15.69% lower in 2020 versus 2019 (a $3.14 difference in value).
Between 2019 and 2020: Energy commodities experienced an average inflation rate of -15.69% per year. This rate of change indicates significant deflation. In other words, energy commodities costing $20 in the year 2019 would cost $16.86 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.03% during this same period, inflation for energy commodities was significantly lower.
In the year 2019: Pricing changed by -3.59%, which is significantly above the average yearly change for energy commodities during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|