According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood were 3.48% lower in 2020 versus 2019 (a $0.70 difference in value).
Between 2019 and 2020: Propane, kerosene, and firewood experienced an average inflation rate of -3.48% per year. This rate of change indicates significant deflation. In other words, propane, kerosene, and firewood costing $20 in the year 2019 would cost $19.30 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.72% during this same period, inflation for propane, kerosene, and firewood was significantly lower.
In the year 2019: Pricing changed by -3.51%, which is below the average yearly change for propane, kerosene, and firewood during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|