Energy priced at $20 in 2015 $28.12 in 2023

Energy Inflation Calculator

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Prices for Energy, 2015-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy are 40.62% higher in 2023 versus 2015 (a $8.12 difference in value).

Between 2015 and 2023: Energy experienced an average inflation rate of 4.35% per year. This rate of change indicates significant inflation. In other words, energy costing $20 in the year 2015 would cost $28.12 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for energy was higher.

In the year 2015: Pricing changed by -16.70%, which is significantly below the average yearly change for energy during the 2015-2023 time period. Compared to inflation for all items in 2015 (0.12%), inflation for energy was much lower.

Price Inflation for Energy since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (30.87%), 1974 (29.23%), and 2022 (25.15%).

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Buying power of $20.00 since 2015

Below are calculations of equivalent buying power for Energy, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2015$20.00-16.70%
2016$18.68-6.58%
2017$20.167.92%
2018$21.687.53%
2019$21.22-2.11%
2020$19.41-8.52%
2021$23.4921.01%
2022$29.4025.15%
2023$28.12-4.35%*

* 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:

Year1957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI21.47721.53121.90022.43122.49222.58522.62322.53122.94623.30023.83824.19224.81525.50026.50827.23829.44638.05442.09245.10849.39252.53165.73886.03197.71599.15499.923100.923101.63188.23188.58589.25494.315102.092102.454103.000104.154104.623105.238110.131111.515102.877106.615124.608129.292121.677136.492151.392177.054196.862207.723236.666193.126211.449243.909246.080244.409243.583202.895189.535204.540219.941215.294196.949238.325298.266285.302

Adjust energy prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2015 * 2015 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Energy was 202.895 in the year 2015 and 285.302 in 2023:

285.302 / 202.895 * $20 = $28.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2015 has the same "purchasing power" as $28.12 in 2023 (in the CPI category of Energy).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Energy in 1957. In addition to energy, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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