According to the U.S. Bureau of Labor Statistics, prices for energy were 897.74% higher in 2021 versus 1962 (a $179.55 difference in value).
Between 1962 and 2021: Energy experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, energy costing $20 in the year 1962 would cost $199.55 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for energy was higher.
In the year 1962: Pricing changed by 0.41%, which is significantly below the average yearly change for energy during the 1962-2021 time period. Compared to inflation for all items in 1962 (1.18%), inflation for energy was lower.
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 | 2021 |
| 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 | 202.632 | 189.500 | 204.705 | 219.889 | 215.247 | 197.286 | 225.323 |
Below are calculations of equivalent buying power for Energy, over time, for $20 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1962 | $20.00 | 0.41% |
| 1963 | $20.04 | 0.22% |
| 1964 | $19.96 | -0.44% |
| 1965 | $20.32 | 1.85% |
| 1966 | $20.64 | 1.56% |
| 1967 | $21.11 | 2.25% |
| 1968 | $21.42 | 1.50% |
| 1969 | $22.00 | 2.69% |
| 1970 | $22.58 | 2.65% |
| 1971 | $23.48 | 3.99% |
| 1972 | $24.13 | 2.77% |
| 1973 | $26.07 | 8.04% |
| 1974 | $33.69 | 29.21% |
| 1975 | $37.26 | 10.60% |
| 1976 | $39.96 | 7.25% |
| 1977 | $43.75 | 9.47% |
| 1978 | $46.53 | 6.36% |
| 1979 | $58.25 | 25.19% |
| 1980 | $76.21 | 30.84% |
| 1981 | $86.52 | 13.53% |
| 1982 | $87.82 | 1.49% |
| 1983 | $88.44 | 0.71% |
| 1984 | $89.32 | 0.99% |
| 1985 | $89.93 | 0.69% |
| 1986 | $78.15 | -13.11% |
| 1987 | $78.43 | 0.36% |
| 1988 | $79.01 | 0.74% |
| 1989 | $83.52 | 5.71% |
| 1990 | $90.36 | 8.19% |
| 1991 | $90.75 | 0.43% |
| 1992 | $91.23 | 0.52% |
| 1993 | $92.29 | 1.16% |
| 1994 | $92.68 | 0.42% |
| 1995 | $93.20 | 0.56% |
| 1996 | $97.54 | 4.66% |
| 1997 | $98.77 | 1.27% |
| 1998 | $91.11 | -7.76% |
| 1999 | $94.43 | 3.65% |
| 2000 | $110.33 | 16.84% |
| 2001 | $114.38 | 3.67% |
| 2002 | $107.76 | -5.79% |
| 2003 | $121.06 | 12.33% |
| 2004 | $134.13 | 10.80% |
| 2005 | $156.84 | 16.93% |
| 2006 | $174.14 | 11.03% |
| 2007 | $184.00 | 5.66% |
| 2008 | $209.17 | 13.68% |
| 2009 | $171.29 | -18.11% |
| 2010 | $187.47 | 9.45% |
| 2011 | $215.86 | 15.15% |
| 2012 | $217.86 | 0.93% |
| 2013 | $216.38 | -0.68% |
| 2014 | $215.47 | -0.42% |
| 2015 | $179.45 | -16.72% |
| 2016 | $167.82 | -6.48% |
| 2017 | $181.29 | 8.02% |
| 2018 | $194.74 | 7.42% |
| 2019 | $190.62 | -2.11% |
| 2020 | $174.72 | -8.34% |
| 2021 | $199.55 | 14.21%* |