Propane, kerosene, and firewood priced at $20 in 1987 $90.64 in 2022

Propane, Kerosene, And Firewood Inflation Calculator

$

Prices for Propane, Kerosene, And Firewood, 1987-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood are 353.19% higher in 2022 versus 1987 (a $70.64 difference in value).

Between 1987 and 2022: Propane, kerosene, and firewood experienced an average inflation rate of 4.41% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 1987 would cost $90.64 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.71% 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 1987-2022 time period. Compared to inflation for all items in 1987 (3.66%), inflation for propane, kerosene, and firewood was lower.

Price Inflation for Propane, kerosene, and firewood since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (22.08%), 2021 (21.94%), and 2008 (20.36%).

View price changes for other categories
Indoor plants and flowers · Rent of primary residence · Juices and nonalcoholic drinks · Chicago, Illinois · More

Buying power of $20.00 since 1987

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:

YearUSD ValueInflation Rate
1987$20.001.60%
1988$20.221.10%
1989$20.481.29%
1990$24.2818.57%
1991$24.15-0.56%
1992$23.52-2.60%
1993$23.620.43%
1994$23.31-1.32%
1995$23.24-0.28%
1996$25.208.44%
1997$25.862.62%
1998$24.93-3.59%
1999$25.080.57%
2000$30.6122.08%
2001$33.218.48%
2002$30.46-8.27%
2003$35.8117.55%
2004$39.7811.08%
2005$47.3619.05%
2006$52.9111.74%
2007$56.296.38%
2008$67.7520.36%
2009$57.69-14.85%
2010$63.119.39%
2011$68.518.57%
2012$64.65-5.65%
2013$64.49-0.24%
2014$70.569.41%
2015$60.21-14.66%
2016$58.17-3.40%
2017$63.419.02%
2018$67.115.83%
2019$64.78-3.47%
2020$62.96-2.81%
2021$76.7721.94%
2022$90.6418.06%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Propane, kerosene, and firewood:

Year1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.600102.715104.038123.362122.669119.477119.992118.408118.077128.038131.392126.669127.392155.523168.708154.762181.923202.077240.569268.808285.957344.190293.062320.589348.050328.400327.604358.421305.881295.486322.124340.905329.086319.835389.993460.441

Adjust propane, kerosene, and firewood prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1987 * 1987 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Propane, kerosene, and firewood was 101.600 in the year 1987 and 460.441 in 2022:

460.441 / 101.600 * $20 = $90.64

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $90.64 in 2022 (in the CPI category of Propane, kerosene, and firewood).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Propane, kerosene, and firewood in 1986. In addition to propane, kerosene, and firewood, 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.