According to the U.S. Bureau of Labor Statistics, prices for utility (piped) gas service were 3.19% higher in 2020 versus 2015 (a $0.64 difference in value).
Between 2015 and 2020: Utility (piped) gas service experienced an average inflation rate of 0.63% per year. In other words, utility (piped) gas service costing $20 in the year 2015 would cost $20.64 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.71% during this same period, inflation for utility (piped) gas service was lower.
In the year 2015: Pricing changed by -11.86%, which is significantly below the average yearly change for utility (piped) gas service during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for utility (piped) gas service was much lower.
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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|