Energy commodities priced at $20 in 2000 $38.24 in 2018

Historical Price Inflation for Energy commodities

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Prices for Energy Commodities, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for energy commodities were 91.18% higher in 2018 versus 2000 (a $18.24 difference in value).

Between 2000 and 2018: Energy commodities experienced an average inflation rate of 3.67% per year. This rate of change indicates significant inflation. In other words, energy commodities costing $20 in the year 2000 would cost $38.24 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for energy commodities was higher.

In the year 2000: Pricing changed by 29.40%, which is significantly above the average yearly change for energy commodities during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for energy commodities was much higher.

Price Inflation for Energy commodities since 1957

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (38.37%), 1974 (38.34%), and 1979 (34.92%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy commodities:

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
CPI 21.600 21.250 21.525 21.892 21.875 22.000 22.100 21.908 22.608 23.133 23.942 24.408 25.192 25.600 26.117 26.442 29.167 40.350 43.358 45.358 48.717 50.992 68.800 95.200 107.600 102.908 98.900 98.083 98.067 77.258 80.142 80.725 87.858 101.125 99.133 98.308 97.425 97.592 98.817 105.692 105.800 92.083 100.042 129.458 125.008 117.075 137.017 161.283 197.542 222.550 241.080 283.405 205.858 243.116 306.106 315.814 307.177 296.159 216.043 191.479 216.680 247.494

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 29.40%
2001 $19.31 -3.44%
2002 $18.09 -6.35%
2003 $21.17 17.03%
2004 $24.92 17.71%
2005 $30.52 22.48%
2006 $34.38 12.66%
2007 $37.24 8.33%
2008 $43.78 17.56%
2009 $31.80 -27.36%
2010 $37.56 18.10%
2011 $47.29 25.91%
2012 $48.79 3.17%
2013 $47.46 -2.73%
2014 $45.75 -3.59%
2015 $33.38 -27.05%
2016 $29.58 -11.37%
2017 $33.47 13.16%
2018 $38.24 14.22%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for energy commodities, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Energy commodities was 129.458 in the year 2000 and 247.494 in 2018:

247.494 / 129.458 * $20 = $38.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $38.24 in 2018 (in the CPI category of Energy commodities).


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

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