According to the U.S. Bureau of Labor Statistics, prices for fuels and utilities are 1,112.09% higher in 2024 versus 1960 (a $222.42 difference in value).
Between 1960 and 2024: Fuels and utilities experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, fuels and utilities costing $20 in the year 1960 would cost $242.42 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for fuels and utilities was higher.
In the year 1960: Pricing changed by 2.27%, which is below the average yearly change for fuels and utilities during the 1960-2024 time period. Compared to inflation for all items in 1960 (1.48%), inflation for fuels and utilities was higher.
Below are calculations of equivalent buying power for Fuels and utilities, over time, for $20 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1960 | $20.00 | 2.27% |
| 1961 | $20.24 | 1.22% |
| 1962 | $20.30 | 0.26% |
| 1963 | $20.47 | 0.88% |
| 1964 | $20.53 | 0.29% |
| 1965 | $20.53 | -0.03% |
| 1966 | $20.61 | 0.40% |
| 1967 | $20.86 | 1.21% |
| 1968 | $21.13 | 1.31% |
| 1969 | $21.62 | 2.30% |
| 1970 | $22.45 | 3.87% |
| 1971 | $23.98 | 6.81% |
| 1972 | $25.04 | 4.40% |
| 1973 | $26.47 | 5.73% |
| 1974 | $31.33 | 18.34% |
| 1975 | $35.01 | 11.73% |
| 1976 | $38.11 | 8.86% |
| 1977 | $42.18 | 10.69% |
| 1978 | $45.06 | 6.82% |
| 1979 | $49.91 | 10.78% |
| 1980 | $58.11 | 16.43% |
| 1981 | $66.60 | 14.60% |
| 1982 | $73.18 | 9.87% |
| 1983 | $77.25 | 5.57% |
| 1984 | $80.81 | 4.61% |
| 1985 | $82.12 | 1.61% |
| 1986 | $80.25 | -2.27% |
| 1987 | $79.42 | -1.04% |
| 1988 | $80.50 | 1.37% |
| 1989 | $83.07 | 3.19% |
| 1990 | $86.04 | 3.57% |
| 1991 | $88.85 | 3.27% |
| 1992 | $90.80 | 2.20% |
| 1993 | $93.51 | 2.98% |
| 1994 | $94.65 | 1.21% |
| 1995 | $95.32 | 0.71% |
| 1996 | $98.29 | 3.12% |
| 1997 | $100.79 | 2.55% |
| 1998 | $99.02 | -1.75% |
| 1999 | $99.28 | 0.26% |
| 2000 | $106.29 | 7.06% |
| 2001 | $115.75 | 8.90% |
| 2002 | $110.66 | -4.40% |
| 2003 | $119.12 | 7.65% |
| 2004 | $124.79 | 4.76% |
| 2005 | $138.01 | 10.59% |
| 2006 | $150.08 | 8.75% |
| 2007 | $154.65 | 3.05% |
| 2008 | $169.60 | 9.66% |
| 2009 | $162.41 | -4.24% |
| 2010 | $165.10 | 1.66% |
| 2011 | $169.86 | 2.89% |
| 2012 | $168.80 | -0.63% |
| 2013 | $173.60 | 2.84% |
| 2014 | $180.83 | 4.17% |
| 2015 | $177.39 | -1.90% |
| 2016 | $176.41 | -0.55% |
| 2017 | $182.93 | 3.70% |
| 2018 | $186.20 | 1.79% |
| 2019 | $187.00 | 0.43% |
| 2020 | $188.04 | 0.56% |
| 2021 | $200.83 | 6.80% |
| 2022 | $229.87 | 14.46% |
| 2023 | $235.47 | 2.44% |
| 2024 | $242.42 | 2.95%* |
* 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 Fuels and utilities:
| Year | 1952 | 1953 | 1954 | 1955 | 1956 | 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 | 22.200 | 22.477 | 22.585 | 23.062 | 23.623 | 24.323 | 24.815 | 25.369 | 25.946 | 26.262 | 26.331 | 26.562 | 26.638 | 26.631 | 26.738 | 27.062 | 27.415 | 28.046 | 29.131 | 31.115 | 32.485 | 34.346 | 40.646 | 45.415 | 49.438 | 54.723 | 58.454 | 64.754 | 75.392 | 86.400 | 94.931 | 100.223 | 104.838 | 106.531 | 104.115 | 103.031 | 104.438 | 107.769 | 111.615 | 115.262 | 117.800 | 121.315 | 122.785 | 123.654 | 127.508 | 130.754 | 128.462 | 128.800 | 137.892 | 150.169 | 143.562 | 154.538 | 161.892 | 179.038 | 194.700 | 200.632 | 220.018 | 210.696 | 214.187 | 220.367 | 218.986 | 225.207 | 234.589 | 230.129 | 228.855 | 237.315 | 241.554 | 242.598 | 243.949 | 260.540 | 298.208 | 305.478 | 314.490 |