According to the U.S. Bureau of Labor Statistics, prices for utility (piped) gas service were 9.05% lower in 2020 versus 2014 (a $1.81 difference in value).
Between 2014 and 2020: Utility (piped) gas service experienced an average inflation rate of -1.57% per year. In other words, utility (piped) gas service costing $20 in the year 2014 would cost $18.19 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.45% during this same period, inflation for utility (piped) gas service was significantly lower.
In the year 2014: Pricing changed by 7.05%, which is significantly above the average yearly change for utility (piped) gas service during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for utility (piped) gas service was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Utility (piped) gas service:
Below are calculations of equivalent buying power for Utility (piped) gas service, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|