According to the U.S. Bureau of Labor Statistics, prices for energy services are 1,244.08% higher in 2024 versus 1953 (a $248.82 difference in value).
Between 1953 and 2024: Energy services experienced an average inflation rate of 3.73% per year. This rate of change indicates significant inflation. In other words, energy services costing $20 in the year 1953 would cost $268.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.53% during this same period, inflation for energy services was higher.
In the year 1953: Pricing changed by 2.09%, which is below the average yearly change for energy services during the 1953-2024 time period. Compared to inflation for all items in 1953 (0.81%), inflation for energy services was higher.
Below are calculations of equivalent buying power for Energy services, over time, for $20 beginning in 1953. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1953 | $20.00 | 2.09% |
1954 | $20.25 | 1.23% |
1955 | $20.76 | 2.52% |
1956 | $21.00 | 1.15% |
1957 | $21.20 | 0.96% |
1958 | $21.96 | 3.60% |
1959 | $22.51 | 2.49% |
1960 | $23.41 | 4.01% |
1961 | $23.59 | 0.76% |
1962 | $23.59 | 0.00% ** |
1963 | $23.58 | -0.03% |
1964 | $23.60 | 0.07% |
1965 | $23.56 | -0.16% |
1966 | $23.65 | 0.39% |
1967 | $23.74 | 0.39% |
1968 | $23.95 | 0.88% |
1969 | $24.40 | 1.87% |
1970 | $25.46 | 4.36% |
1971 | $27.23 | 6.94% |
1972 | $28.60 | 5.04% |
1973 | $30.00 | 4.88% |
1974 | $34.60 | 15.33% |
1975 | $40.26 | 16.37% |
1976 | $44.85 | 11.40% |
1977 | $50.65 | 12.92% |
1978 | $55.20 | 8.99% |
1979 | $61.20 | 10.86% |
1980 | $71.64 | 17.07% |
1981 | $82.11 | 14.60% |
1982 | $93.48 | 13.85% |
1983 | $101.77 | 8.87% |
1984 | $105.68 | 3.84% |
1985 | $107.45 | 1.67% |
1986 | $106.04 | -1.31% |
1987 | $104.15 | -1.78% |
1988 | $104.95 | 0.77% |
1989 | $107.87 | 2.78% |
1990 | $109.67 | 1.67% |
1991 | $112.95 | 2.99% |
1992 | $115.14 | 1.94% |
1993 | $118.87 | 3.24% |
1994 | $119.60 | 0.62% |
1995 | $119.54 | -0.05% |
1996 | $122.44 | 2.42% |
1997 | $125.45 | 2.46% |
1998 | $121.61 | -3.06% |
1999 | $121.23 | -0.32% |
2000 | $128.43 | 5.94% |
2001 | $142.85 | 11.23% |
2002 | $134.82 | -5.62% |
2003 | $145.48 | 7.90% |
2004 | $151.09 | 3.86% |
2005 | $167.04 | 10.56% |
2006 | $182.67 | 9.36% |
2007 | $186.84 | 2.28% |
2008 | $202.84 | 8.56% |
2009 | $194.16 | -4.28% |
2010 | $193.48 | -0.35% |
2011 | $194.99 | 0.78% |
2012 | $190.26 | -2.42% |
2013 | $195.41 | 2.70% |
2014 | $204.00 | 4.40% |
2015 | $199.32 | -2.29% |
2016 | $196.66 | -1.33% |
2017 | $203.32 | 3.38% |
2018 | $204.44 | 0.55% |
2019 | $204.08 | -0.18% |
2020 | $205.14 | 0.52% |
2021 | $219.54 | 7.02% |
2022 | $254.87 | 16.09% |
2023 | $261.38 | 2.55% |
2024 | $268.82 | 2.85%* |
* 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 services:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 20.400 | 19.983 | 19.620 | 19.620 | 19.600 | 19.440 | 19.269 | 19.185 | 19.077 | 19.015 | 18.869 | 18.323 | 18.269 | 18.708 | 19.208 | 19.208 | 19.300 | 19.531 | 19.938 | 20.185 | 20.692 | 20.931 | 21.131 | 21.892 | 22.438 | 23.338 | 23.515 | 23.515 | 23.508 | 23.523 | 23.485 | 23.577 | 23.669 | 23.877 | 24.323 | 25.385 | 27.146 | 28.515 | 29.908 | 34.492 | 40.138 | 44.715 | 50.492 | 55.031 | 61.008 | 71.423 | 81.854 | 93.192 | 101.454 | 105.354 | 107.115 | 105.715 | 103.831 | 104.631 | 107.538 | 109.331 | 112.600 | 114.785 | 118.500 | 119.231 | 119.177 | 122.062 | 125.062 | 121.238 | 120.854 | 128.031 | 142.408 | 134.408 | 145.031 | 150.623 | 166.523 | 182.108 | 186.262 | 202.212 | 193.563 | 192.886 | 194.386 | 189.679 | 194.810 | 203.374 | 198.708 | 196.059 | 202.691 | 203.815 | 203.454 | 204.508 | 218.863 | 254.085 | 260.571 | 267.989 |