According to the U.S. Bureau of Labor Statistics, prices for energy services were 6.89% higher in 2020 versus 2012 (a $1.38 difference in value).
Between 2012 and 2020: Energy services experienced an average inflation rate of 0.84% per year. In other words, energy services costing $20 in the year 2012 would cost $21.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for energy services was lower.
In the year 2012: Pricing changed by -2.42%, which is significantly below the average yearly change for energy services during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for energy services was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy services:
Below are calculations of equivalent buying power for Energy services, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|