Fuels and utilities priced at $20 in 1997 $45.35 in 2022

Fuels And Utilities Inflation Calculator

$

Prices for Fuels And Utilities, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuels and utilities are 126.77% higher in 2022 versus 1997 (a $25.35 difference in value).

Between 1997 and 2022: Fuels and utilities experienced an average inflation rate of 3.33% per year. This rate of change indicates significant inflation. In other words, fuels and utilities costing $20 in the year 1997 would cost $45.35 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for fuels and utilities was higher.

In the year 1997: Pricing changed by 2.55%, which is below the average yearly change for fuels and utilities during the 1997-2022 time period. Compared to inflation for all items in 1997 (2.33%), inflation for fuels and utilities was higher.

Price Inflation for Fuels and utilities since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (18.34%), 1980 (16.43%), and 1981 (14.60%).

View price changes for other categories
Phoenix, Arizona · Bananas · Fresh fruits · Tampa, Florida · More

Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Fuels and utilities, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.002.55%
1998$19.65-1.75%
1999$19.700.26%
2000$21.097.06%
2001$22.978.90%
2002$21.96-4.40%
2003$23.647.65%
2004$24.764.76%
2005$27.3910.59%
2006$29.788.75%
2007$30.693.05%
2008$33.659.66%
2009$32.23-4.24%
2010$32.761.66%
2011$33.712.89%
2012$33.50-0.63%
2013$34.452.84%
2014$35.884.17%
2015$35.20-1.90%
2016$35.01-0.55%
2017$36.303.70%
2018$36.951.79%
2019$37.110.43%
2020$37.310.56%
2021$39.856.80%
2022$45.3513.81%*

* 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:

Year19521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI22.20022.47722.58523.06223.62324.32324.81525.36925.94626.26226.33126.56226.63826.63126.73827.06227.41528.04629.13131.11532.48534.34640.64645.41549.43854.72358.45464.75475.39286.40094.931100.223104.838106.531104.115103.031104.438107.769111.615115.262117.800121.315122.785123.654127.508130.754128.462128.800137.892150.169143.562154.538161.892179.038194.700200.632220.018210.696214.187220.367218.986225.207234.589230.129228.855237.315241.554242.598243.949260.540296.516

Adjust fuels and utilities prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Fuels and utilities was 130.754 in the year 1997 and 296.516 in 2022:

296.516 / 130.754 * $20 = $45.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $45.35 in 2022 (in the CPI category of Fuels and utilities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fuels and utilities in 1952. In addition to fuels and utilities, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.