Utilities and public transportation priced at $20 in 2021 $22.38 in 2023

Utilities And Public Transportation Inflation Calculator


Prices for Utilities And Public Transportation, 2021-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for utilities and public transportation are 11.91% higher in 2023 versus 2021 (a $2.38 difference in value).

Between 2021 and 2023: Utilities and public transportation experienced an average inflation rate of 5.79% per year. This rate of change indicates significant inflation. In other words, utilities and public transportation costing $20 in the year 2021 would cost $22.38 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.81% during this same period, inflation for utilities and public transportation was lower.

In the year 2021: Pricing changed by 4.30%, which is below the average yearly change for utilities and public transportation during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for utilities and public transportation was lower.

Price Inflation for Utilities and public transportation since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (14.89%), 1980 (14.25%), and 1982 (12.41%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Utilities and public transportation, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Utilities and public transportation:


Adjust utilities and public transportation prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Utilities and public transportation was 227.859 in the year 2021 and 254.998 in 2023:

254.998 / 227.859 * $20 = $22.38

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $22.38 in 2023 (in the CPI category of Utilities and public transportation).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Utilities and public transportation in 1957. In addition to utilities and public transportation, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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