According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood were 11.27% lower in 2020 versus 2014 (a $2.25 difference in value).
Between 2014 and 2020: Propane, kerosene, and firewood experienced an average inflation rate of -1.97% per year. In other words, propane, kerosene, and firewood costing $20 in the year 2014 would cost $17.75 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% during this same period, inflation for propane, kerosene, and firewood was significantly lower.
In the year 2014: Pricing changed by 9.27%, which is significantly above the average yearly change for propane, kerosene, and firewood during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for propane, kerosene, and firewood was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Propane, kerosene, and firewood:
Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|