Utility (piped) gas service priced at $20 in 2000 $26.30 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 31.49% 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.

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