Propane, kerosene, and firewood priced at $20 in 2000 $43.90 in 2018

Historical Price Inflation for Propane, kerosene, and firewood

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Prices for Propane, Kerosene, And Firewood, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for propane, kerosene, and firewood were 119.50% higher in 2018 versus 2000 (a $23.90 difference in value).

Between 2000 and 2018: Propane, kerosene, and firewood experienced an average inflation rate of 4.46% per year. This rate of change indicates significant inflation. In other words, propane, kerosene, and firewood costing $20 in the year 2000 would cost $43.90 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for propane, kerosene, and firewood was higher.

In the year 2000: Pricing changed by 22.08%, which is significantly above the average yearly change for propane, kerosene, and firewood during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for propane, kerosene, and firewood was much higher.

Price Inflation for Propane, kerosene, and firewood since 1994

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (22.08%), 2008 (20.48%), and 2005 (19.07%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Propane, kerosene, and firewood:

Year 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 118.417 118.058 128.050 131.317 126.675 127.475 155.617 168.533 154.700 181.733 201.875 240.375 268.808 286.156 344.753 293.099 320.686 348.245 327.925 327.630 357.937 305.689 295.529 322.163 341.584

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Propane, kerosene, and firewood, 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 22.08%
2001 $21.66 8.30%
2002 $19.88 -8.21%
2003 $23.36 17.47%
2004 $25.95 11.08%
2005 $30.89 19.07%
2006 $34.55 11.83%
2007 $36.78 6.45%
2008 $44.31 20.48%
2009 $37.67 -14.98%
2010 $41.21 9.41%
2011 $44.76 8.59%
2012 $42.15 -5.83%
2013 $42.11 -0.09%
2014 $46.00 9.25%
2015 $39.29 -14.60%
2016 $37.98 -3.32%
2017 $41.40 9.01%
2018 $43.90 6.03%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for propane, kerosene, and firewood, 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 Propane, kerosene, and firewood was 155.617 in the year 2000 and 341.584 in 2018:

341.584 / 155.617 * $20 = $43.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $43.90 in 2018 (in the CPI category of Propane, kerosene, and firewood).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Propane, kerosene, and firewood in 1994. In addition to propane, kerosene, and firewood, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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