According to the U.S. Bureau of Labor Statistics, prices for energy services were 3.77% higher in 2019 versus 2016 (a $0.75 difference in value).
Between 2016 and 2019: Energy services experienced an average inflation rate of 1.24% per year. In other words, energy services costing $20 in the year 2016 would cost $20.75 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for energy services was lower.
In the year 2016: Pricing changed by -1.33%, which is below the average yearly change for energy services during the 2016-2019 time period. Compared to inflation for all items in 2016 (1.26%), inflation for energy services was 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|