According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood were 23.15% higher in 2021 versus 2015 (a $4.63 difference in value).
Between 2015 and 2021: Propane, kerosene, and firewood experienced an average inflation rate of 3.53% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 2015 would cost $24.63 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.76% during this same period, inflation for propane, kerosene, and firewood was higher.
In the year 2015: Pricing changed by -14.66%, which is significantly below the average yearly change for propane, kerosene, and firewood during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), inflation for propane, kerosene, and firewood was much lower.
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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|