According to the U.S. Bureau of Labor Statistics, prices for energy were 923.92% higher in 2018 versus 1957 (a $683,697.40 difference in value).
Between 1957 and 2018: Energy experienced an average inflation rate of 3.89% per year. This rate of change indicates significant inflation. In other words, energy costing $74,000 in the year 1957 would cost $757,697.40 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.66% 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 | 2020 |
| 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 | 202.633 | 189.485 | 204.691 | 219.886 | 215.232 | 197.008 |
Below are calculations of equivalent buying power for Energy, over time, for $74000 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 | $74,000.00 | - |
| 1958 | $74,143.58 | 0.19% |
| 1959 | $75,378.35 | 1.67% |
| 1960 | $77,331.01 | 2.59% |
| 1961 | $77,503.30 | 0.22% |
| 1962 | $77,819.17 | 0.41% |
| 1963 | $77,991.46 | 0.22% |
| 1964 | $77,646.88 | -0.44% |
| 1965 | $79,082.65 | 1.85% |
| 1966 | $80,317.42 | 1.56% |
| 1967 | $82,126.50 | 2.25% |
| 1968 | $83,361.27 | 1.50% |
| 1969 | $85,601.09 | 2.69% |
| 1970 | $87,869.62 | 2.65% |
| 1971 | $91,372.91 | 3.99% |
| 1972 | $93,899.88 | 2.77% |
| 1973 | $101,452.08 | 8.04% |
| 1974 | $131,086.53 | 29.21% |
| 1975 | $144,984.87 | 10.60% |
| 1976 | $155,494.76 | 7.25% |
| 1977 | $170,225.84 | 9.47% |
| 1978 | $181,051.61 | 6.36% |
| 1979 | $226,651.92 | 25.19% |
| 1980 | $296,545.60 | 30.84% |
| 1981 | $336,661.23 | 13.53% |
| 1982 | $341,686.46 | 1.49% |
| 1983 | $344,127.28 | 0.71% |
| 1984 | $347,544.43 | 0.99% |
| 1985 | $349,927.82 | 0.69% |
| 1986 | $304,069.07 | -13.11% |
| 1987 | $305,160.26 | 0.36% |
| 1988 | $307,428.79 | 0.74% |
| 1989 | $324,974.00 | 5.71% |
| 1990 | $351,593.33 | 8.19% |
| 1991 | $353,115.25 | 0.43% |
| 1992 | $354,953.05 | 0.52% |
| 1993 | $359,088.09 | 1.16% |
| 1994 | $360,610.01 | 0.42% |
| 1995 | $362,620.10 | 0.56% |
| 1996 | $379,504.85 | 4.66% |
| 1997 | $384,329.06 | 1.27% |
| 1998 | $354,493.60 | -7.76% |
| 1999 | $367,415.60 | 3.65% |
| 2000 | $429,297.63 | 16.84% |
| 2001 | $445,062.48 | 3.67% |
| 2002 | $419,304.62 | -5.79% |
| 2003 | $471,021.34 | 12.33% |
| 2004 | $521,905.32 | 10.80% |
| 2005 | $610,263.10 | 16.93% |
| 2006 | $677,572.37 | 11.03% |
| 2007 | $715,930.62 | 5.66% |
| 2008 | $813,879.68 | 13.68% |
| 2009 | $666,464.04 | -18.11% |
| 2010 | $729,428.65 | 9.45% |
| 2011 | $839,908.61 | 15.15% |
| 2012 | $847,678.18 | 0.93% |
| 2013 | $841,922.15 | -0.68% |
| 2014 | $838,403.34 | -0.42% |
| 2015 | $698,244.70 | -16.72% |
| 2016 | $652,939.59 | -6.49% |
| 2017 | $705,336.30 | 8.02% |
| 2018 | $757,697.40 | 7.42% |
| 2019 | $741,659.19 | -2.12% |
| 2020 | $678,863.91 | -8.47%* |