According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood are 43.29% higher in 2022 versus 2017 (a $8.66 difference in value).
Between 2017 and 2022: Propane, kerosene, and firewood experienced an average inflation rate of 7.46% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 2017 would cost $28.66 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.19% during this same period, inflation for propane, kerosene, and firewood was significantly higher.
In the year 2017: Pricing changed by 9.02%, which is above the average yearly change for propane, kerosene, and firewood during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for propane, kerosene, and firewood was much higher.
Below are calculations of equivalent buying power for Propane, kerosene, and firewood, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Propane, kerosene, and firewood: