According to the U.S. Bureau of Labor Statistics, prices for energy were 898.23% higher in 2019 versus 1957 (a $898,231,431.90 difference in value).
Between 1957 and 2019: Energy experienced an average inflation rate of 3.78% per year. This rate of change indicates significant inflation. In other words, energy costing $100,000,000 in the year 1957 would cost $998,231,431.90 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.62% 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 $100000000 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 | $100,000,000.00 | - |
1958 | $100,194,024.06 | 0.19% |
1959 | $101,862,630.97 | 1.67% |
1960 | $104,501,358.17 | 2.59% |
1961 | $104,734,187.04 | 0.22% |
1962 | $105,161,039.97 | 0.41% |
1963 | $105,393,868.84 | 0.22% |
1964 | $104,928,211.10 | -0.44% |
1965 | $106,868,451.69 | 1.85% |
1966 | $108,537,058.60 | 1.56% |
1967 | $110,981,761.74 | 2.25% |
1968 | $112,650,368.65 | 1.50% |
1969 | $115,677,143.97 | 2.69% |
1970 | $118,742,724.10 | 2.65% |
1971 | $123,476,911.14 | 3.99% |
1972 | $126,891,734.58 | 2.77% |
1973 | $137,097,400.08 | 8.04% |
1974 | $177,143,965.85 | 29.21% |
1975 | $195,925,494.76 | 10.60% |
1976 | $210,128,055.88 | 7.25% |
1977 | $230,034,924.33 | 9.47% |
1978 | $244,664,338.38 | 6.36% |
1979 | $306,286,379.51 | 25.19% |
1980 | $400,737,291.42 | 30.84% |
1981 | $454,947,613.50 | 13.53% |
1982 | $461,738,455.57 | 1.49% |
1983 | $465,036,864.57 | 0.71% |
1984 | $469,654,637.18 | 0.99% |
1985 | $472,875,436.55 | 0.69% |
1986 | $410,904,152.11 | -13.11% |
1987 | $412,378,734.96 | 0.36% |
1988 | $415,444,315.10 | 0.74% |
1989 | $439,154,055.10 | 5.71% |
1990 | $475,126,115.64 | 8.19% |
1991 | $477,182,770.66 | 0.43% |
1992 | $479,666,278.62 | 0.52% |
1993 | $485,254,171.52 | 1.16% |
1994 | $487,310,826.54 | 0.42% |
1995 | $490,027,163.37 | 0.56% |
1996 | $512,844,392.70 | 4.66% |
1997 | $519,363,601.09 | 1.27% |
1998 | $479,045,401.63 | -7.76% |
1999 | $496,507,566.94 | 3.65% |
2000 | $580,131,936.36 | 16.84% |
2001 | $601,435,778.04 | 3.67% |
2002 | $566,627,861.85 | -5.79% |
2003 | $636,515,327.90 | 12.33% |
2004 | $705,277,454.40 | 10.80% |
2005 | $824,679,860.30 | 16.93% |
2006 | $915,638,339.15 | 11.03% |
2007 | $967,473,806.75 | 5.66% |
2008 | $1,099,837,407.84 | 13.68% |
2009 | $900,627,085.76 | -18.11% |
2010 | $985,714,396.59 | 9.45% |
2011 | $1,135,011,641.44 | 15.15% |
2012 | $1,145,511,059.37 | 0.93% |
2013 | $1,137,732,634.85 | -0.68% |
2014 | $1,132,977,493.21 | -0.42% |
2015 | $943,495,537.45 | -16.72% |
2016 | $882,321,303.84 | -6.48% |
2017 | $952,963,911.53 | 8.01% |
2018 | $1,023,855,258.05 | 7.44% |
2019 | $998,231,431.90 | -2.50%* |