Propane, kerosene, and firewood priced at $20 in 2004 $45.57 in 2022

Propane, Kerosene, And Firewood Inflation Calculator

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Prices for Propane, Kerosene, And Firewood, 2004-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood are 127.85% higher in 2022 versus 2004 (a $25.57 difference in value).

Between 2004 and 2022: Propane, kerosene, and firewood experienced an average inflation rate of 4.68% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 2004 would cost $45.57 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for propane, kerosene, and firewood was higher.

In the year 2004: Pricing changed by 11.08%, which is significantly above the average yearly change for propane, kerosene, and firewood during the 2004-2022 time period. Compared to inflation for all items in 2004 (2.68%), inflation for propane, kerosene, and firewood was much higher.

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 2004

Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$20.0011.08%
2005$23.8119.05%
2006$26.6011.74%
2007$28.306.38%
2008$34.0720.36%
2009$29.01-14.85%
2010$31.739.39%
2011$34.458.57%
2012$32.50-5.65%
2013$32.42-0.24%
2014$35.479.41%
2015$30.27-14.66%
2016$29.24-3.40%
2017$31.889.02%
2018$33.745.83%
2019$32.57-3.47%
2020$31.65-2.81%
2021$38.6021.94%
2022$45.5718.06%*
* 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 2004 * 2004 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Propane, kerosene, and firewood was 202.077 in the year 2004 and 460.441 in 2022:

460.441 / 202.077 * $20 = $45.57

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $45.57 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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