According to the U.S. Bureau of Labor Statistics, prices for household energy were 4.63% higher in 2020 versus 2012 (a $0.93 difference in value).
Between 2012 and 2020: Household energy experienced an average inflation rate of 0.57% per year. In other words, household energy costing $20 in the year 2012 would cost $20.93 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for household energy was lower.
In the year 2012: Pricing changed by -2.24%, which is below the average yearly change for household energy during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for household energy was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household energy:
Below are calculations of equivalent buying power for Household energy, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|