According to the U.S. Bureau of Labor Statistics, prices for energy were 859.82% higher in 2019 versus 1960 (a $60,187,109.05 difference in value).
Between 1960 and 2019: Energy experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, energy costing $7,000,000 in the year 1960 would cost $67,187,109.05 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.72% during this same period, inflation for energy was higher.
In the year 1960: Pricing changed by 2.42%, which is below the average yearly change for energy during the 1960-2019 time period. Compared to inflation for all items in 1960 (1.48%), inflation for energy was higher.
Below are calculations of equivalent buying power for Energy, over time, for $7,000,000 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1960 | $7,000,000.00 | 2.42% |
1961 | $7,019,204.39 | 0.27% |
1962 | $7,048,010.97 | 0.41% |
1963 | $7,060,013.72 | 0.17% |
1964 | $7,031,207.13 | -0.41% |
1965 | $7,160,836.76 | 1.84% |
1966 | $7,271,262.00 | 1.54% |
1967 | $7,439,300.41 | 2.31% |
1968 | $7,549,725.65 | 1.48% |
1969 | $7,744,170.10 | 2.58% |
1970 | $7,957,818.93 | 2.76% |
1971 | $8,272,290.81 | 3.95% |
1972 | $8,500,342.94 | 2.76% |
1973 | $9,189,300.41 | 8.11% |
1974 | $11,875,514.40 | 29.23% |
1975 | $13,135,802.47 | 10.61% |
1976 | $14,076,817.56 | 7.16% |
1977 | $15,413,923.18 | 9.50% |
1978 | $16,393,347.05 | 6.35% |
1979 | $20,515,089.16 | 25.14% |
1980 | $26,847,736.63 | 30.87% |
1981 | $30,494,170.10 | 13.58% |
1982 | $30,943,072.70 | 1.47% |
1983 | $31,183,127.57 | 0.78% |
1984 | $31,495,198.90 | 1.00% |
1985 | $31,716,049.38 | 0.70% |
1986 | $27,534,293.55 | -13.18% |
1987 | $27,644,718.79 | 0.40% |
1988 | $27,853,566.53 | 0.76% |
1989 | $29,433,127.57 | 5.67% |
1990 | $31,860,082.30 | 8.25% |
1991 | $31,972,908.09 | 0.35% |
1992 | $32,143,347.05 | 0.53% |
1993 | $32,503,429.36 | 1.12% |
1994 | $32,649,862.83 | 0.45% |
1995 | $32,841,906.72 | 0.59% |
1996 | $34,368,655.69 | 4.65% |
1997 | $34,800,754.46 | 1.26% |
1998 | $32,104,938.27 | -7.75% |
1999 | $33,271,604.94 | 3.63% |
2000 | $38,886,488.34 | 16.88% |
2001 | $40,348,422.50 | 3.76% |
2002 | $37,971,879.29 | -5.89% |
2003 | $42,595,336.08 | 12.18% |
2004 | $47,245,198.90 | 10.92% |
2005 | $55,253,429.36 | 16.95% |
2006 | $61,434,842.25 | 11.19% |
2007 | $64,824,465.02 | 5.52% |
2008 | $73,856,745.54 | 13.93% |
2009 | $60,269,159.81 | -18.40% |
2010 | $65,987,170.78 | 9.49% |
2011 | $76,117,030.18 | 15.35% |
2012 | $76,794,633.06 | 0.89% |
2013 | $76,273,185.87 | -0.68% |
2014 | $76,015,390.95 | -0.34% |
2015 | $63,317,712.62 | -16.70% |
2016 | $59,148,415.64 | -6.58% |
2017 | $63,830,997.94 | 7.92% |
2018 | $68,637,376.54 | 7.53% |
2019 | $67,187,109.05 | -2.11% |
2020 | $61,462,232.51 | -8.52% |
2021 | $74,374,351.85 | 21.01% |
2022 | $93,080,171.47 | 25.15% |
2023 | $88,405,318.93 | -5.02% |
2024 | $86,522,088.48 | -2.13%* |
* 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 Energy:
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 | 2024 |
CPI | 21.477 | 21.531 | 21.900 | 22.431 | 22.492 | 22.585 | 22.623 | 22.531 | 22.946 | 23.300 | 23.838 | 24.192 | 24.815 | 25.500 | 26.508 | 27.238 | 29.446 | 38.054 | 42.092 | 45.108 | 49.392 | 52.531 | 65.738 | 86.031 | 97.715 | 99.154 | 99.923 | 100.923 | 101.631 | 88.231 | 88.585 | 89.254 | 94.315 | 102.092 | 102.454 | 103.000 | 104.154 | 104.623 | 105.238 | 110.131 | 111.515 | 102.877 | 106.615 | 124.608 | 129.292 | 121.677 | 136.492 | 151.392 | 177.054 | 196.862 | 207.723 | 236.666 | 193.126 | 211.449 | 243.909 | 246.080 | 244.409 | 243.583 | 202.895 | 189.535 | 204.540 | 219.941 | 215.294 | 196.949 | 238.325 | 298.266 | 283.286 | 277.251 |