Energy services priced at $20 in 1978 $90.45 in 2022

Energy Services Inflation Calculator

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Prices for Energy Services, 1978-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy services are 352.27% higher in 2022 versus 1978 (a $70.45 difference in value).

Between 1978 and 2022: Energy services experienced an average inflation rate of 3.49% per year. This rate of change indicates significant inflation. In other words, energy services costing $20 in the year 1978 would cost $90.45 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for energy services was higher.

In the year 1978: Pricing changed by 8.99%, which is significantly above the average yearly change for energy services during the 1978-2022 time period. Compared to inflation for all items in 1978 (7.63%), inflation for energy services was higher.

Price Inflation for Energy services since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (17.07%), 1975 (16.37%), and 1974 (15.33%).

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Buying power of $20.00 since 1978

Below are calculations of equivalent buying power for Energy services, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20.008.99%
1979$22.1710.86%
1980$25.9617.07%
1981$29.7514.60%
1982$33.8713.85%
1983$36.878.87%
1984$38.293.84%
1985$38.931.67%
1986$38.42-1.31%
1987$37.74-1.78%
1988$38.030.77%
1989$39.082.78%
1990$39.731.67%
1991$40.922.99%
1992$41.721.94%
1993$43.073.24%
1994$43.330.62%
1995$43.31-0.05%
1996$44.362.42%
1997$45.452.46%
1998$44.06-3.06%
1999$43.92-0.32%
2000$46.535.94%
2001$51.7611.23%
2002$48.85-5.62%
2003$52.717.90%
2004$54.743.86%
2005$60.5210.56%
2006$66.189.36%
2007$67.692.28%
2008$73.498.56%
2009$70.35-4.28%
2010$70.10-0.35%
2011$70.650.78%
2012$68.94-2.42%
2013$70.802.70%
2014$73.914.40%
2015$72.22-2.29%
2016$71.25-1.33%
2017$73.663.38%
2018$74.070.55%
2019$73.94-0.18%
2020$74.320.52%
2021$79.547.02%
2022$90.4513.72%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI20.40019.98319.62019.62019.60019.44019.26919.18519.07719.01518.86918.32318.26918.70819.20819.20819.30019.53119.93820.18520.69220.93121.13121.89222.43823.33823.51523.51523.50823.52323.48523.57723.66923.87724.32325.38527.14628.51529.90834.49240.13844.71550.49255.03161.00871.42381.85493.192101.454105.354107.115105.715103.831104.631107.538109.331112.600114.785118.500119.231119.177122.062125.062121.238120.854128.031142.408134.408145.031150.623166.523182.108186.262202.212193.563192.886194.386189.679194.810203.374198.708196.059202.691203.815203.454204.508218.863248.890

Adjust energy services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1978 * 1978 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Energy services was 55.031 in the year 1978 and 248.890 in 2022:

248.890 / 55.031 * $20 = $90.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $90.45 in 2022 (in the CPI category of Energy services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Energy services in 1935. In addition to energy services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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