Utilities and public transportation price inflation, 2021→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:

Year	USD Value	Inflation Rate
2021	$20.00	4.30%
2022	$21.87	9.35%
2023	$22.38	2.34%*

* 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:

Year	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	25.046	26.015	26.708	27.608	28.146	28.523	28.746	28.962	29.008	29.223	29.754	30.315	31.415	33.408	35.708	37.438	38.685	42.115	46.731	51.223	55.731	59.262	63.369	72.400	83.177	93.500	100.592	105.892	109.038	110.954	111.138	112.808	116.638	121.100	125.854	128.892	134.623	136.838	138.315	142.162	145.915	146.008	147.262	152.569	161.000	158.354	164.331	167.469	176.585	186.715	191.340	202.783	200.337	203.061	206.541	207.469	212.115	216.730	214.816	215.216	216.396	217.178	217.970	218.462	227.859	249.156	254.998

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.