According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood were 17.78% higher in 2021 versus 2020 (a $3.56 difference in value).
Between 2020 and 2021: Propane, kerosene, and firewood experienced an average inflation rate of 17.78% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 2020 would cost $23.56 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for propane, kerosene, and firewood was significantly higher.
In the year 2020: Pricing changed by -2.81%, which is significantly below the average yearly change for propane, kerosene, and firewood during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|