Propane, kerosene, and firewood priced at $20 in 1994 $77.53 in 2022

Propane, Kerosene, And Firewood Inflation Calculator

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Prices for Propane, Kerosene, And Firewood, 1994-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood are 287.65% higher in 2022 versus 1994 (a $57.53 difference in value).

Between 1994 and 2022: Propane, kerosene, and firewood experienced an average inflation rate of 4.96% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 1994 would cost $77.53 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for propane, kerosene, and firewood was higher.

In the year 1994: Pricing changed by -1.32%, which is significantly below the average yearly change for propane, kerosene, and firewood during the 1994-2022 time period. Compared to inflation for all items in 1994 (2.60%), inflation for propane, kerosene, and firewood was much 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 1994

Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$20.00-1.32%
1995$19.94-0.28%
1996$21.638.44%
1997$22.192.62%
1998$21.40-3.59%
1999$21.520.57%
2000$26.2722.08%
2001$28.508.48%
2002$26.14-8.27%
2003$30.7317.55%
2004$34.1311.08%
2005$40.6319.05%
2006$45.4011.74%
2007$48.306.38%
2008$58.1420.36%
2009$49.50-14.85%
2010$54.159.39%
2011$58.798.57%
2012$55.47-5.65%
2013$55.33-0.24%
2014$60.549.41%
2015$51.67-14.66%
2016$49.91-3.40%
2017$54.419.02%
2018$57.585.83%
2019$55.59-3.47%
2020$54.02-2.81%
2021$65.8721.94%
2022$77.5317.70%*

* 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
CPI100.000101.600102.715104.038123.362122.669119.477119.992118.408118.077128.038131.392126.669127.392155.523168.708154.762181.923202.077240.569268.808285.957344.190293.062320.589348.050328.400327.604358.421305.881295.486322.124340.905329.086319.835389.993459.005

Adjust propane, kerosene, and firewood prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1994 * 1994 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Propane, kerosene, and firewood was 118.408 in the year 1994 and 459.005 in 2022:

459.005 / 118.408 * $20 = $77.53

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1994 has the same "purchasing power" as $77.53 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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