According to the U.S. Bureau of Labor Statistics, prices for household energy were 831.52% higher in 2020 versus 1967 (a $166.30 difference in value).
Between 1967 and 2020: Household energy experienced an average inflation rate of 4.30% per year. This rate of change indicates significant inflation. In other words, household energy costing $20 in the year 1967 would cost $186.30 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation for household energy was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household energy:
Year | 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 |
CPI | 21.415 | 21.700 | 22.131 | 23.100 | 24.708 | 25.715 | 27.508 | 34.415 | 39.369 | 43.346 | 48.962 | 52.977 | 61.323 | 74.831 | 87.154 | 95.562 | 100.462 | 103.962 | 104.531 | 99.177 | 97.285 | 97.992 | 100.869 | 104.462 | 106.700 | 108.092 | 111.208 | 111.654 | 111.500 | 115.223 | 117.892 | 113.731 | 113.485 | 122.769 | 135.408 | 127.238 | 138.169 | 144.431 | 161.554 | 177.069 | 181.744 | 200.808 | 188.113 | 189.286 | 193.648 | 189.308 | 193.840 | 202.192 | 194.667 | 191.050 | 198.308 | 200.826 | 200.042 | 199.488 |
Below are calculations of equivalent buying power for Household energy, over time, for $20 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1967 | $20.00 | - |
1968 | $20.27 | 1.33% |
1969 | $20.67 | 1.99% |
1970 | $21.57 | 4.38% |
1971 | $23.07 | 6.96% |
1972 | $24.02 | 4.08% |
1973 | $25.69 | 6.97% |
1974 | $32.14 | 25.11% |
1975 | $36.77 | 14.39% |
1976 | $40.48 | 10.10% |
1977 | $45.73 | 12.95% |
1978 | $49.48 | 8.20% |
1979 | $57.27 | 15.75% |
1980 | $69.89 | 22.03% |
1981 | $81.39 | 16.47% |
1982 | $89.25 | 9.65% |
1983 | $93.82 | 5.13% |
1984 | $97.09 | 3.48% |
1985 | $97.62 | 0.55% |
1986 | $92.62 | -5.12% |
1987 | $90.85 | -1.91% |
1988 | $91.52 | 0.73% |
1989 | $94.20 | 2.94% |
1990 | $97.56 | 3.56% |
1991 | $99.65 | 2.14% |
1992 | $100.95 | 1.30% |
1993 | $103.86 | 2.88% |
1994 | $104.27 | 0.40% |
1995 | $104.13 | -0.14% |
1996 | $107.61 | 3.34% |
1997 | $110.10 | 2.32% |
1998 | $106.21 | -3.53% |
1999 | $105.98 | -0.22% |
2000 | $114.66 | 8.18% |
2001 | $126.46 | 10.29% |
2002 | $118.83 | -6.03% |
2003 | $129.04 | 8.59% |
2004 | $134.89 | 4.53% |
2005 | $150.88 | 11.86% |
2006 | $165.37 | 9.60% |
2007 | $169.73 | 2.64% |
2008 | $187.54 | 10.49% |
2009 | $175.68 | -6.32% |
2010 | $176.78 | 0.62% |
2011 | $180.85 | 2.30% |
2012 | $176.80 | -2.24% |
2013 | $181.03 | 2.39% |
2014 | $188.83 | 4.31% |
2015 | $181.80 | -3.72% |
2016 | $178.42 | -1.86% |
2017 | $185.20 | 3.80% |
2018 | $187.55 | 1.27% |
2019 | $186.82 | -0.39% |
2020 | $186.30 | -0.28%* |