According to the U.S. Bureau of Labor Statistics, prices for energy were 744.29% higher in 2019 versus 1970 (a $26,794,457.92 difference in value).
Between 1970 and 2019: Energy experienced an average inflation rate of 4.45% per year. This rate of change indicates significant inflation. In other words, energy costing $3,600,000 in the year 1970 would cost $30,394,457.92 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation for energy was higher.
In the year 1970: Pricing changed by 2.76%, which is below the average yearly change for energy during the 1970-2019 time period. Compared to inflation for all items in 1970 (5.83%), inflation for energy was much lower.
Below are calculations of equivalent buying power for Energy, over time, for $3,600,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $3,600,000.00 | 2.76% |
1971 | $3,742,262.44 | 3.95% |
1972 | $3,845,429.86 | 2.76% |
1973 | $4,157,104.07 | 8.11% |
1974 | $5,372,307.69 | 29.23% |
1975 | $5,942,443.44 | 10.61% |
1976 | $6,368,144.80 | 7.16% |
1977 | $6,973,031.67 | 9.50% |
1978 | $7,416,108.60 | 6.35% |
1979 | $9,280,723.98 | 25.14% |
1980 | $12,145,520.36 | 30.87% |
1981 | $13,795,113.12 | 13.58% |
1982 | $13,998,190.05 | 1.47% |
1983 | $14,106,787.33 | 0.78% |
1984 | $14,247,963.80 | 1.00% |
1985 | $14,347,873.30 | 0.70% |
1986 | $12,456,108.60 | -13.18% |
1987 | $12,506,063.35 | 0.40% |
1988 | $12,600,542.99 | 0.76% |
1989 | $13,315,113.12 | 5.67% |
1990 | $14,413,031.67 | 8.25% |
1991 | $14,464,072.40 | 0.35% |
1992 | $14,541,176.47 | 0.53% |
1993 | $14,704,072.40 | 1.12% |
1994 | $14,770,316.74 | 0.45% |
1995 | $14,857,194.57 | 0.59% |
1996 | $15,547,873.30 | 4.65% |
1997 | $15,743,348.42 | 1.26% |
1998 | $14,523,800.90 | -7.75% |
1999 | $15,051,583.71 | 3.63% |
2000 | $17,591,674.21 | 16.88% |
2001 | $18,253,031.67 | 3.76% |
2002 | $17,177,918.55 | -5.89% |
2003 | $19,269,502.26 | 12.18% |
2004 | $21,373,031.67 | 10.92% |
2005 | $24,995,837.10 | 16.95% |
2006 | $27,792,217.19 | 11.19% |
2007 | $29,325,632.58 | 5.52% |
2008 | $33,411,703.17 | 13.93% |
2009 | $27,264,879.64 | -18.40% |
2010 | $29,851,623.53 | 9.49% |
2011 | $34,434,222.62 | 15.35% |
2012 | $34,740,760.18 | 0.89% |
2013 | $34,504,865.16 | -0.68% |
2014 | $34,388,242.53 | -0.34% |
2015 | $28,644,000.00 | -16.70% |
2016 | $26,757,871.49 | -6.58% |
2017 | $28,876,202.71 | 7.92% |
2018 | $31,050,537.56 | 7.53% |
2019 | $30,394,457.92 | -2.11% |
2020 | $27,804,608.14 | -8.52% |
2021 | $33,645,860.63 | 21.01% |
2022 | $42,108,097.74 | 25.15% |
2023 | $39,993,263.35 | -5.02% |
2024 | $38,594,188.24 | -3.50%* |
* 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 | 2024 |
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 | 283.286 | 273.375 |