According to the U.S. Bureau of Labor Statistics, prices for energy services were 0.31% lower in 2020 versus 2014 (a $0.06 difference in value).
Between 2014 and 2020: Energy services experienced an average inflation rate of -0.05% per year. In other words, energy services costing $20 in the year 2014 would cost $19.94 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for energy services was lower.
In the year 2014: Pricing changed by 4.40%, which is significantly above the average yearly change for energy services during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for energy services was higher.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|