Household energy price history from 2000 through 2018

Historical Price Inflation for Household energy

Amount

Start year

End year

See price inflation for:

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

According to the U.S. Bureau of Labor Statistics, prices for household energy were 63.58% higher in 2018 versus 2000 (a $12.72 difference in value).

Between 2000 and 2018: Household energy experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, household energy costing $20 in the year 2000 would cost $32.72 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for household energy was higher.

In the year 2000: Pricing changed by 8.16%, which is significantly above the average yearly change for household energy during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for household energy was much higher.

Price Inflation for Household energy since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2005 (11.89%), 2008 (10.49%), and 2001 (10.29%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Household energy:

Year	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	103.967	104.500	99.200	97.300	98.000	100.900	104.500	106.733	108.100	111.233	111.667	111.500	115.200	117.900	113.733	113.500	122.767	135.400	127.233	138.200	144.400	161.567	177.100	181.744	200.808	188.113	189.286	193.648	189.308	193.840	202.192	194.667	191.050	198.308	200.826

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Household energy, 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	8.16%
2001	$22.06	10.29%
2002	$20.73	-6.03%
2003	$22.51	8.62%
2004	$23.52	4.49%
2005	$26.32	11.89%
2006	$28.85	9.61%
2007	$29.61	2.62%
2008	$32.71	10.49%
2009	$30.65	-6.32%
2010	$30.84	0.62%
2011	$31.55	2.30%
2012	$30.84	-2.24%
2013	$31.58	2.39%
2014	$32.94	4.31%
2015	$31.71	-3.72%
2016	$31.12	-1.86%
2017	$32.31	3.80%
2018	$32.72	1.27%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for household energy, 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 Household energy was 122.767 in the year 2000 and 200.826 in 2018:

200.826 / 122.767 * $20 = $32.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $32.72 in 2018 (in the CPI category of Household energy).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Household energy in 1984. In addition to household energy, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.