According to the U.S. Bureau of Labor Statistics, prices for energy were 57.07% higher in 2019 versus 2003 (a $228.28 difference in value).
Between 2003 and 2019: Energy experienced an average inflation rate of 2.86% per year. This rate of change indicates significant inflation. In other words, energy costing $400 in the year 2003 would cost $628.28 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for energy was higher.
In the year 2003: Pricing changed by 12.33%, which is significantly above the average yearly change for energy during the 2003-2019 time period. Compared to inflation for all items in 2003 (2.27%), inflation for energy was much 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 | 214.701 |
Below are calculations of equivalent buying power for Energy, over time, for $400 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2003 | $400.00 | 12.33% |
2004 | $443.21 | 10.80% |
2005 | $518.25 | 16.93% |
2006 | $575.41 | 11.03% |
2007 | $607.98 | 5.66% |
2008 | $691.16 | 13.68% |
2009 | $565.97 | -18.11% |
2010 | $619.44 | 9.45% |
2011 | $713.27 | 15.15% |
2012 | $719.86 | 0.93% |
2013 | $714.98 | -0.68% |
2014 | $711.99 | -0.42% |
2015 | $592.91 | -16.72% |
2016 | $554.47 | -6.48% |
2017 | $598.86 | 8.01% |
2018 | $643.41 | 7.44% |
2019 | $628.28 | -2.35%* |