Propane, kerosene, and firewood priced at $20 in 2010 $19.90 in 2020

Propane, Kerosene, And Firewood Inflation Calculator

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Prices for Propane, Kerosene, And Firewood, 2010-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood were 0.50% lower in 2020 versus 2010 (a $0.10 difference in value).

Between 2010 and 2020: Propane, kerosene, and firewood experienced an average inflation rate of -0.05% per year. In other words, propane, kerosene, and firewood costing $20 in the year 2010 would cost $19.90 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.72% during this same period, inflation for propane, kerosene, and firewood was lower.

In the year 2010: Pricing changed by 9.41%, which is significantly above the average yearly change for propane, kerosene, and firewood during the 2010-2020 time period. Compared to inflation for all items in 2010 (1.64%), inflation for propane, kerosene, and firewood was much higher.

Price Inflation for Propane, kerosene, and firewood since 1994

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (22.08%), 2008 (20.48%), and 2005 (19.07%).

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

Year 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
CPI 118.417 118.058 128.050 131.317 126.675 127.475 155.617 168.533 154.700 181.733 201.875 240.375 268.808 286.156 344.753 293.099 320.686 348.245 327.925 327.630 357.991 305.780 295.613 322.246 341.037 329.072 319.070

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Buying power of $20 since 2010

Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2010 $20.00 9.41%
2011 $21.72 8.59%
2012 $20.45 -5.83%
2013 $20.43 -0.09%
2014 $22.33 9.27%
2015 $19.07 -14.58%
2016 $18.44 -3.32%
2017 $20.10 9.01%
2018 $21.27 5.83%
2019 $20.52 -3.51%
2020 $19.90 -3.04%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for propane, kerosene, and firewood, 2010-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2010 * 2010 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Propane, kerosene, and firewood was 320.686 in the year 2010 and 319.070 in 2020:

319.070 / 320.686 * $20 = $19.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2010 has the same "purchasing power" as $19.90 in 2020 (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 1994. 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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