According to the U.S. Bureau of Labor Statistics, prices for energy were 852.96% higher in 2017 versus 1957 (a $16.72 difference in value).
Between 1957 and 2017: Energy experienced an average inflation rate of 3.83% per year. This rate of change indicates significant inflation. In other words, energy costing $1.96 in the year 1957 would cost $18.68 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 3.68% during this same period, inflation for energy was 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 $1.96 beginning in 1957. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1957 | $1.96 | - |
1958 | $1.96 | 0.19% |
1959 | $2.00 | 1.67% |
1960 | $2.05 | 2.59% |
1961 | $2.05 | 0.22% |
1962 | $2.06 | 0.41% |
1963 | $2.07 | 0.22% |
1964 | $2.06 | -0.44% |
1965 | $2.09 | 1.85% |
1966 | $2.13 | 1.56% |
1967 | $2.18 | 2.25% |
1968 | $2.21 | 1.50% |
1969 | $2.27 | 2.69% |
1970 | $2.33 | 2.65% |
1971 | $2.42 | 3.99% |
1972 | $2.49 | 2.77% |
1973 | $2.69 | 8.04% |
1974 | $3.47 | 29.21% |
1975 | $3.84 | 10.60% |
1976 | $4.12 | 7.25% |
1977 | $4.51 | 9.47% |
1978 | $4.80 | 6.36% |
1979 | $6.00 | 25.19% |
1980 | $7.85 | 30.84% |
1981 | $8.92 | 13.53% |
1982 | $9.05 | 1.49% |
1983 | $9.11 | 0.71% |
1984 | $9.21 | 0.99% |
1985 | $9.27 | 0.69% |
1986 | $8.05 | -13.11% |
1987 | $8.08 | 0.36% |
1988 | $8.14 | 0.74% |
1989 | $8.61 | 5.71% |
1990 | $9.31 | 8.19% |
1991 | $9.35 | 0.43% |
1992 | $9.40 | 0.52% |
1993 | $9.51 | 1.16% |
1994 | $9.55 | 0.42% |
1995 | $9.60 | 0.56% |
1996 | $10.05 | 4.66% |
1997 | $10.18 | 1.27% |
1998 | $9.39 | -7.76% |
1999 | $9.73 | 3.65% |
2000 | $11.37 | 16.84% |
2001 | $11.79 | 3.67% |
2002 | $11.11 | -5.79% |
2003 | $12.48 | 12.33% |
2004 | $13.82 | 10.80% |
2005 | $16.16 | 16.93% |
2006 | $17.95 | 11.03% |
2007 | $18.96 | 5.66% |
2008 | $21.56 | 13.68% |
2009 | $17.65 | -18.11% |
2010 | $19.32 | 9.45% |
2011 | $22.25 | 15.15% |
2012 | $22.45 | 0.93% |
2013 | $22.30 | -0.68% |
2014 | $22.21 | -0.42% |
2015 | $18.49 | -16.72% |
2016 | $17.29 | -6.48% |
2017 | $18.68 | 8.01% |
2018 | $20.07 | 7.44% |
2019 | $19.57 | -2.50%* |