Energy services price history from 2016 through 2020

Energy Services Inflation Calculator

Prices for Energy Services, 2016-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy services were 3.41% higher in 2020 versus 2016 (a $0.68 difference in value).

Between 2016 and 2020: Energy services experienced an average inflation rate of 0.84% per year. In other words, energy services costing $20 in the year 2016 would cost $20.68 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.87% 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 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for energy services was 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 2016

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
2016	$20.00	-1.33%
2017	$20.68	3.38%
2018	$20.79	0.55%
2019	$20.75	-0.18%
2020	$20.68	-0.35%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for energy services, 2016-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2016 * 2016 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Energy services was 196.059 in the year 2016 and 202.748 in 2020:

202.748 / 196.059 * $20 = $20.68

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $20.68 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.