According to the U.S. Bureau of Labor Statistics, prices for energy are 1,148.02% higher in 2023 versus 1962 (a $229.60 difference in value).
Between 1962 and 2023: Energy experienced an average inflation rate of 4.22% per year. This rate of change indicates significant inflation. In other words, energy costing $20 in the year 1962 would cost $249.60 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.84% 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 1962-2023 time period. Compared to inflation for all items in 1962 (1.18%), inflation for energy was lower.
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 | $20.03 | 0.17% |
| 1964 | $19.95 | -0.41% |
| 1965 | $20.32 | 1.84% |
| 1966 | $20.63 | 1.54% |
| 1967 | $21.11 | 2.31% |
| 1968 | $21.42 | 1.48% |
| 1969 | $21.98 | 2.58% |
| 1970 | $22.58 | 2.76% |
| 1971 | $23.47 | 3.95% |
| 1972 | $24.12 | 2.76% |
| 1973 | $26.08 | 8.11% |
| 1974 | $33.70 | 29.23% |
| 1975 | $37.28 | 10.61% |
| 1976 | $39.95 | 7.16% |
| 1977 | $43.74 | 9.50% |
| 1978 | $46.52 | 6.35% |
| 1979 | $58.22 | 25.14% |
| 1980 | $76.19 | 30.87% |
| 1981 | $86.53 | 13.58% |
| 1982 | $87.81 | 1.47% |
| 1983 | $88.49 | 0.78% |
| 1984 | $89.37 | 1.00% |
| 1985 | $90.00 | 0.70% |
| 1986 | $78.13 | -13.18% |
| 1987 | $78.45 | 0.40% |
| 1988 | $79.04 | 0.76% |
| 1989 | $83.52 | 5.67% |
| 1990 | $90.41 | 8.25% |
| 1991 | $90.73 | 0.35% |
| 1992 | $91.21 | 0.53% |
| 1993 | $92.23 | 1.12% |
| 1994 | $92.65 | 0.45% |
| 1995 | $93.19 | 0.59% |
| 1996 | $97.53 | 4.65% |
| 1997 | $98.75 | 1.26% |
| 1998 | $91.10 | -7.75% |
| 1999 | $94.41 | 3.63% |
| 2000 | $110.35 | 16.88% |
| 2001 | $114.50 | 3.76% |
| 2002 | $107.75 | -5.89% |
| 2003 | $120.87 | 12.18% |
| 2004 | $134.07 | 10.92% |
| 2005 | $156.79 | 16.95% |
| 2006 | $174.33 | 11.19% |
| 2007 | $183.95 | 5.52% |
| 2008 | $209.58 | 13.93% |
| 2009 | $171.02 | -18.40% |
| 2010 | $187.25 | 9.49% |
| 2011 | $216.00 | 15.35% |
| 2012 | $217.92 | 0.89% |
| 2013 | $216.44 | -0.68% |
| 2014 | $215.71 | -0.34% |
| 2015 | $179.68 | -16.70% |
| 2016 | $167.84 | -6.58% |
| 2017 | $181.13 | 7.92% |
| 2018 | $194.77 | 7.53% |
| 2019 | $190.66 | -2.11% |
| 2020 | $174.41 | -8.52% |
| 2021 | $211.05 | 21.01% |
| 2022 | $264.13 | 25.15% |
| 2023 | $249.60 | -5.50%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
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 | 2022 | 2023 |
| CPI | 21.477 | 21.531 | 21.900 | 22.431 | 22.492 | 22.585 | 22.623 | 22.531 | 22.946 | 23.300 | 23.838 | 24.192 | 24.815 | 25.500 | 26.508 | 27.238 | 29.446 | 38.054 | 42.092 | 45.108 | 49.392 | 52.531 | 65.738 | 86.031 | 97.715 | 99.154 | 99.923 | 100.923 | 101.631 | 88.231 | 88.585 | 89.254 | 94.315 | 102.092 | 102.454 | 103.000 | 104.154 | 104.623 | 105.238 | 110.131 | 111.515 | 102.877 | 106.615 | 124.608 | 129.292 | 121.677 | 136.492 | 151.392 | 177.054 | 196.862 | 207.723 | 236.666 | 193.126 | 211.449 | 243.909 | 246.080 | 244.409 | 243.583 | 202.895 | 189.535 | 204.540 | 219.941 | 215.294 | 196.949 | 238.325 | 298.266 | 281.860 |