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 31.15% higher in 2018 versus 2000 (a $6.23 difference in value).

Between 2000 and 2018: Utility (piped) gas service experienced an average inflation rate of 1.52% per year. In other words, utility (piped) gas service costing $20 in the year 2000 would cost $26.23 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 16.83%, 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 1952

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

Years with the largest changes in pricing: 2003 (23.07%), 2009 (-21.96%), and 2001 (19.99%).

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

Year	1952	1953	1954	1955	1956	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
CPI	13.367	13.800	14.067	14.608	14.858	15.117	15.992	16.558	17.625	17.875	17.875	17.858	17.958	17.975	18.083	18.067	18.225	18.567	19.583	20.992	22.075	23.083	25.975	31.133	36.308	43.208	47.475	55.108	65.700	74.875	89.750	104.742	105.500	104.800	99.692	95.150	94.567	97.167	97.308	98.525	100.317	106.475	108.508	102.900	107.167	114.542	112.317	112.958	131.967	158.342	135.217	166.408	180.100	215.392	220.725	217.819	248.015	193.553	189.552	184.317	166.505	174.489	186.809	164.627	160.645	173.451	173.079

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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	16.83%
2001	$24.00	19.99%
2002	$20.49	-14.60%
2003	$25.22	23.07%
2004	$27.29	8.23%
2005	$32.64	19.60%
2006	$33.45	2.48%
2007	$33.01	-1.32%
2008	$37.59	13.86%
2009	$29.33	-21.96%
2010	$28.73	-2.07%
2011	$27.93	-2.76%
2012	$25.23	-9.66%
2013	$26.44	4.79%
2014	$28.31	7.06%
2015	$24.95	-11.87%
2016	$24.35	-2.42%
2017	$26.29	7.97%
2018	$26.23	-0.21%*

* 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 131.967 in the year 2000 and 173.079 in 2018:

173.079 / 131.967 * $20 = $26.23

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $26.23 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 1952. 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.