According to the U.S. Bureau of Labor Statistics, prices for energy were 72.07% higher in 2019 versus 2000 (a $14.41 difference in value).
Between 2000 and 2019: Energy experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, energy costing $20 in the year 2000 would cost $34.41 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for energy was higher.
In the year 2000: Pricing changed by 16.84%, which is significantly above the average yearly change for energy during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for energy was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy:
Year | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 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 |
CPI | 21.475 | 21.517 | 21.875 | 22.442 | 22.492 | 22.583 | 22.633 | 22.533 | 22.950 | 23.308 | 23.833 | 24.192 | 24.842 | 25.500 | 26.517 | 27.250 | 29.442 | 38.042 | 42.075 | 45.125 | 49.400 | 52.542 | 65.775 | 86.058 | 97.700 | 99.158 | 99.867 | 100.858 | 101.550 | 88.242 | 88.558 | 89.217 | 94.308 | 102.033 | 102.475 | 103.008 | 104.208 | 104.650 | 105.233 | 110.133 | 111.533 | 102.875 | 106.625 | 124.583 | 129.158 | 121.683 | 136.692 | 151.458 | 177.100 | 196.633 | 207.765 | 236.190 | 193.410 | 211.682 | 243.744 | 245.999 | 244.328 | 243.307 | 202.616 | 189.478 | 204.649 | 219.873 | 214.370 |
Below are calculations of equivalent buying power for Energy, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $20.00 | 16.84% |
2001 | $20.73 | 3.67% |
2002 | $19.53 | -5.79% |
2003 | $21.94 | 12.33% |
2004 | $24.31 | 10.80% |
2005 | $28.43 | 16.93% |
2006 | $31.57 | 11.03% |
2007 | $33.35 | 5.66% |
2008 | $37.92 | 13.68% |
2009 | $31.05 | -18.11% |
2010 | $33.98 | 9.45% |
2011 | $39.13 | 15.15% |
2012 | $39.49 | 0.93% |
2013 | $39.22 | -0.68% |
2014 | $39.06 | -0.42% |
2015 | $32.53 | -16.72% |
2016 | $30.42 | -6.48% |
2017 | $32.85 | 8.01% |
2018 | $35.30 | 7.44% |
2019 | $34.41 | -2.50%* |