Household energy priced at $0.17 in 1967 $2.09 in 2024

Household Energy Inflation Calculator

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Prices for Household Energy, 1967-2024 ($0.17)

According to the U.S. Bureau of Labor Statistics, prices for household energy are 1,131.73% higher in 2024 versus 1967 (a $1.92 difference in value).

The current national average price is $0.17 for "Electricity per KWH". This data is collected by a national survey and can vary from region to region.

Between 1967 and 2024: Household energy experienced an average inflation rate of 4.50% per year. This rate of change indicates significant inflation. In other words, household energy costing $0.17 in the year 1967 would cost $2.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.98% during this same period, inflation for household energy was higher.

Price Inflation for Household energy since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (25.11%), 1980 (22.03%), and 2022 (17.69%).

Price history

The average price for Household energy is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Electricity per KWH:

YearAverage price (Household energy)Inflation adjusted price (2024 dollars)
2024$0.17 (latest available value)$0.17
2023$0.17$0.17
2022$0.16$0.17
2021$0.14$0.17
2020$0.14$0.18
2019$0.14$0.18
2018$0.14$0.18
2017$0.14$0.18
2016$0.14$0.19
2015$0.14$0.19
2014$0.14$0.18
2013$0.13$0.18
2012$0.13$0.18
2011$0.13$0.18
2010$0.13$0.18
2009$0.13$0.18
2008$0.12$0.16
2007$0.12$0.17
2006$0.11$0.17
2005$0.10$0.16
2004$0.09$0.17
2003$0.09$0.18
2002$0.09$0.19
2001$0.09$0.18
2000$0.09$0.19
1999$0.09$0.20
1998$0.09$0.20
1997$0.09$0.21
1996$0.09$0.22
1995$0.09$0.22
1994$0.09$0.22
1993$0.09$0.22
1992$0.09$0.21
1991$0.09$0.21
1990$0.08$0.21
1989$0.08$0.21
1988$0.08$0.22
1987$0.08$0.21
1986$0.08$0.20
1985$0.08$0.21
1984$0.08$0.21
1983$0.08$0.21
1982$0.08$0.21
1981$0.07$0.21
1980$0.06$0.21
1979$0.05$0.22
1978$0.05$0.23

View price changes for other categories
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Buying power of $0.17 since 1967

Below are calculations of equivalent buying power for Household energy, over time, for $0.17 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$0.17-
1968$0.171.33%
1969$0.181.99%
1970$0.184.38%
1971$0.206.96%
1972$0.204.08%
1973$0.226.97%
1974$0.2725.11%
1975$0.3114.39%
1976$0.3410.10%
1977$0.3912.95%
1978$0.428.20%
1979$0.4915.75%
1980$0.5922.03%
1981$0.6916.47%
1982$0.769.65%
1983$0.805.13%
1984$0.833.48%
1985$0.830.55%
1986$0.79-5.12%
1987$0.77-1.91%
1988$0.780.73%
1989$0.802.94%
1990$0.833.56%
1991$0.852.14%
1992$0.861.30%
1993$0.882.88%
1994$0.890.40%
1995$0.89-0.14%
1996$0.913.34%
1997$0.942.32%
1998$0.90-3.53%
1999$0.90-0.22%
2000$0.978.18%
2001$1.0710.29%
2002$1.01-6.03%
2003$1.108.59%
2004$1.154.53%
2005$1.2811.86%
2006$1.419.60%
2007$1.442.64%
2008$1.5910.49%
2009$1.49-6.32%
2010$1.500.62%
2011$1.542.30%
2012$1.50-2.24%
2013$1.542.39%
2014$1.614.31%
2015$1.55-3.72%
2016$1.52-1.86%
2017$1.573.80%
2018$1.591.27%
2019$1.59-0.39%
2020$1.58-0.28%
2021$1.717.89%
2022$2.0117.69%
2023$2.041.55%
2024$2.092.54%*

* 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 Household energy:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI21.41521.70022.13123.10024.70825.71527.50834.41539.36943.34648.96252.97761.32374.83187.15495.562100.462103.962104.53199.17797.28597.992100.869104.462106.700108.092111.208111.654111.500115.223117.892113.731113.485122.769135.408127.238138.169144.431161.554177.069181.744200.808188.113189.286193.648189.308193.840202.192194.667191.050198.308200.826200.042199.488215.222253.306257.234263.780

Adjust household energy prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1967 * 1967 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Household energy was 21.415 in the year 1967 and 263.780 in 2024:

263.780 / 21.415 * $0.17 = $2.09

Therefore, according to U.S. Bureau of Labor Statistics, $0.17 in 1967 has the same "purchasing power" as $2.09 in 2024 (in the CPI category of Household energy).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Household energy in 1967. In addition to household 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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