Energy services priced at $20 in 1998 $33.45 in 2020

Energy Services Inflation Calculator

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Prices for Energy Services, 1998-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy services were 67.24% higher in 2020 versus 1998 (a $13.45 difference in value).

Between 1998 and 2020: Energy services experienced an average inflation rate of 2.37% per year. This rate of change indicates significant inflation. In other words, energy services costing $20 in the year 1998 would cost $33.45 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for energy services was higher.

In the year 1998: Pricing changed by -3.07%, which is significantly below the average yearly change for energy services during the 1998-2020 time period. Compared to inflation for all items in 1998 (1.55%), inflation for energy services was much lower.

Price Inflation for Energy services since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2001 (11.22%), 2005 (10.56%), and 2006 (9.37%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy services:

Year 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
CPI 105.367 107.133 105.733 103.800 104.633 107.533 109.333 112.600 114.800 118.500 119.233 119.200 122.067 125.067 121.233 120.900 128.033 142.400 134.400 145.033 150.633 166.533 182.133 186.262 202.212 193.563 192.886 194.386 189.679 194.810 203.374 198.708 196.059 202.691 203.815 203.454 202.748

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Buying power of $20 since 1998

Below are calculations of equivalent buying power for Energy services, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1998 $20.00 -3.07%
1999 $19.95 -0.27%
2000 $21.12 5.90%
2001 $23.49 11.22%
2002 $22.17 -5.62%
2003 $23.93 7.91%
2004 $24.85 3.86%
2005 $27.47 10.56%
2006 $30.05 9.37%
2007 $30.73 2.27%
2008 $33.36 8.56%
2009 $31.93 -4.28%
2010 $31.82 -0.35%
2011 $32.07 0.78%
2012 $31.29 -2.42%
2013 $32.14 2.70%
2014 $33.55 4.40%
2015 $32.78 -2.29%
2016 $32.34 -1.33%
2017 $33.44 3.38%
2018 $33.62 0.55%
2019 $33.56 -0.18%
2020 $33.45 -0.35%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for energy services, 1998-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1998 * 1998 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Energy services was 121.233 in the year 1998 and 202.748 in 2020:

202.748 / 121.233 * $20 = $33.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $33.45 in 2020 (in the CPI category of Energy services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Energy services in 1984. 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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