According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood are 324.33% higher in 2024 versus 1987 (a $64.87 difference in value).
Between 1987 and 2024: Propane, kerosene, and firewood experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 1987 would cost $84.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for propane, kerosene, and firewood was higher.
In the year 1987: Pricing changed by 1.60%, which is below the average yearly change for propane, kerosene, and firewood during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), inflation for propane, kerosene, and firewood was lower.
Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1987 | $20.00 | 1.60% |
| 1988 | $20.22 | 1.10% |
| 1989 | $20.48 | 1.29% |
| 1990 | $24.28 | 18.57% |
| 1991 | $24.15 | -0.56% |
| 1992 | $23.52 | -2.60% |
| 1993 | $23.62 | 0.43% |
| 1994 | $23.31 | -1.32% |
| 1995 | $23.24 | -0.28% |
| 1996 | $25.20 | 8.44% |
| 1997 | $25.86 | 2.62% |
| 1998 | $24.93 | -3.59% |
| 1999 | $25.08 | 0.57% |
| 2000 | $30.61 | 22.08% |
| 2001 | $33.21 | 8.48% |
| 2002 | $30.46 | -8.27% |
| 2003 | $35.81 | 17.55% |
| 2004 | $39.78 | 11.08% |
| 2005 | $47.36 | 19.05% |
| 2006 | $52.91 | 11.74% |
| 2007 | $56.29 | 6.38% |
| 2008 | $67.75 | 20.36% |
| 2009 | $57.69 | -14.85% |
| 2010 | $63.11 | 9.39% |
| 2011 | $68.51 | 8.57% |
| 2012 | $64.65 | -5.65% |
| 2013 | $64.49 | -0.24% |
| 2014 | $70.56 | 9.41% |
| 2015 | $60.21 | -14.66% |
| 2016 | $58.17 | -3.40% |
| 2017 | $63.41 | 9.02% |
| 2018 | $67.11 | 5.83% |
| 2019 | $64.78 | -3.47% |
| 2020 | $62.96 | -2.81% |
| 2021 | $76.77 | 21.94% |
| 2022 | $89.92 | 17.13% |
| 2023 | $85.74 | -4.66% |
| 2024 | $84.87 | -1.02%* |
* 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 Propane, kerosene, and firewood:
| Year | 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 | 100.000 | 101.600 | 102.715 | 104.038 | 123.362 | 122.669 | 119.477 | 119.992 | 118.408 | 118.077 | 128.038 | 131.392 | 126.669 | 127.392 | 155.523 | 168.708 | 154.762 | 181.923 | 202.077 | 240.569 | 268.808 | 285.957 | 344.190 | 293.062 | 320.589 | 348.050 | 328.400 | 327.604 | 358.421 | 305.881 | 295.486 | 322.124 | 340.905 | 329.086 | 319.835 | 389.993 | 456.814 | 435.541 | 431.118 |