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.
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 |
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%* |