Utility (piped) gas service priced at $20 in 2000 $26.23 in 2018

Historical Price Inflation for Utility (piped) gas service

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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

View price changes for other categories
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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.

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