Propane, kerosene, and firewood priced at $20 in 1988 $89.06 in 2022

Propane, Kerosene, And Firewood Inflation Calculator

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Prices for Propane, Kerosene, And Firewood, 1988-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood are 345.30% higher in 2022 versus 1988 (a $69.06 difference in value).

Between 1988 and 2022: Propane, kerosene, and firewood experienced an average inflation rate of 4.49% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 1988 would cost $89.06 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation for propane, kerosene, and firewood was higher.

In the year 1988: Pricing changed by 1.10%, which is significantly below the average yearly change for propane, kerosene, and firewood during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), 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%).

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Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.001.10%
1989$20.261.29%
1990$24.0218.57%
1991$23.89-0.56%
1992$23.26-2.60%
1993$23.360.43%
1994$23.06-1.32%
1995$22.99-0.28%
1996$24.938.44%
1997$25.582.62%
1998$24.66-3.59%
1999$24.800.57%
2000$30.2822.08%
2001$32.858.48%
2002$30.13-8.27%
2003$35.4217.55%
2004$39.3511.08%
2005$46.8419.05%
2006$52.3411.74%
2007$55.686.38%
2008$67.0220.36%
2009$57.06-14.85%
2010$62.429.39%
2011$67.778.57%
2012$63.94-5.65%
2013$63.79-0.24%
2014$69.799.41%
2015$59.56-14.66%
2016$57.53-3.40%
2017$62.729.02%
2018$66.385.83%
2019$64.08-3.47%
2020$62.28-2.81%
2021$75.9421.94%
2022$89.0617.28%*

* 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:

Year1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.600102.715104.038123.362122.669119.477119.992118.408118.077128.038131.392126.669127.392155.523168.708154.762181.923202.077240.569268.808285.957344.190293.062320.589348.050328.400327.604358.421305.881295.486322.124340.905329.086319.835389.993457.397

Adjust propane, kerosene, and firewood prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Propane, kerosene, and firewood was 102.715 in the year 1988 and 457.397 in 2022:

457.397 / 102.715 * $20 = $89.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $89.06 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.

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