Utility (piped) gas service price history from 2000 through 2018

Historical Price Inflation for Utility (piped) gas service

Amount

Start year

End year

See price inflation for:

Prices for Utility (piped) Gas Service, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for utility (piped) gas service were 31.49% higher in 2018 versus 2000 (a $6.30 difference in value).

Between 2000 and 2018: Utility (piped) gas service experienced an average inflation rate of 1.53% per year. In other words, utility (piped) gas service costing $20 in the year 2000 would cost $26.30 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for utility (piped) gas service was lower.

In the year 2000: Pricing changed by 16.84%, which is significantly above the average yearly change for utility (piped) gas service during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for utility (piped) gas service was much higher.

Price Inflation for Utility (piped) gas service since 1984

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

Years with the largest changes in pricing: 2003 (22.91%), 2009 (-21.83%), and 2001 (19.89%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Utility (piped) gas service:

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	105.500	104.767	99.667	95.100	94.500	97.133	97.300	98.533	100.333	106.500	108.500	102.933	107.200	114.600	112.367	113.000	132.033	158.300	135.300	166.300	180.100	215.433	220.767	217.688	247.803	193.717	189.678	184.334	166.585	174.451	186.754	164.597	160.628	173.433	173.609

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Utility (piped) gas service, 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	16.84%
2001	$23.98	19.89%
2002	$20.49	-14.53%
2003	$25.19	22.91%
2004	$27.28	8.30%
2005	$32.63	19.62%
2006	$33.44	2.48%
2007	$32.97	-1.39%
2008	$37.54	13.83%
2009	$29.34	-21.83%
2010	$28.73	-2.09%
2011	$27.92	-2.82%
2012	$25.23	-9.63%
2013	$26.43	4.72%
2014	$28.29	7.05%
2015	$24.93	-11.86%
2016	$24.33	-2.41%
2017	$26.27	7.97%
2018	$26.30	0.10%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for utility (piped) gas service, 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 Utility (piped) gas service was 132.033 in the year 2000 and 173.609 in 2018:

173.609 / 132.033 * $20 = $26.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $26.30 in 2018 (in the CPI category of Utility (piped) gas service).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Utility (piped) gas service in 1984. In addition to utility (piped) gas service, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.