Energy services priced at $20 in 2008 $24.35 in 2022

Energy Services Inflation Calculator

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Prices for Energy Services, 2008-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy services are 21.76% higher in 2022 versus 2008 (a $4.35 difference in value).

Between 2008 and 2022: Energy services experienced an average inflation rate of 1.42% per year. In other words, energy services costing $20 in the year 2008 would cost $24.35 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for energy services was lower.

In the year 2008: Pricing changed by 8.56%, which is significantly above the average yearly change for energy services during the 2008-2022 time period. Compared to inflation for all items in 2008 (3.84%), inflation for energy services was much 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 2008

Below are calculations of equivalent buying power for Energy services, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$20.008.56%
2009$19.14-4.28%
2010$19.08-0.35%
2011$19.230.78%
2012$18.76-2.42%
2013$19.272.70%
2014$20.114.40%
2015$19.65-2.29%
2016$19.39-1.33%
2017$20.053.38%
2018$20.160.55%
2019$20.12-0.18%
2020$20.230.52%
2021$21.657.02%
2022$24.3512.50%*
* Not final. See inflation summary for latest details.

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

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI20.40019.98319.62019.62019.60019.44019.26919.18519.07719.01518.86918.32318.26918.70819.20819.20819.30019.53119.93820.18520.69220.93121.13121.89222.43823.33823.51523.51523.50823.52323.48523.57723.66923.87724.32325.38527.14628.51529.90834.49240.13844.71550.49255.03161.00871.42381.85493.192101.454105.354107.115105.715103.831104.631107.538109.331112.600114.785118.500119.231119.177122.062125.062121.238120.854128.031142.408134.408145.031150.623166.523182.108186.262202.212193.563192.886194.386189.679194.810203.374198.708196.059202.691203.815203.454204.508218.863246.222

Adjust energy services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2008 * 2008 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Energy services was 202.212 in the year 2008 and 246.222 in 2022:

246.222 / 202.212 * $20 = $24.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $24.35 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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