According to the U.S. Bureau of Labor Statistics, prices for energy commodities are 666.01% higher in 2024 versus 1974 (a $133.20 difference in value).
Between 1974 and 2024: Energy commodities experienced an average inflation rate of 4.16% per year. This rate of change indicates significant inflation. In other words, energy commodities costing $20 in the year 1974 would cost $153.20 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for energy commodities was higher.
In the year 1974: Pricing changed by 38.51%, which is significantly above the average yearly change for energy commodities during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), inflation for energy commodities was much higher.
Below are calculations of equivalent buying power for Energy commodities, over time, for $20 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1974 | $20.00 | 38.51% |
| 1975 | $21.48 | 7.39% |
| 1976 | $22.47 | 4.63% |
| 1977 | $24.13 | 7.36% |
| 1978 | $25.25 | 4.66% |
| 1979 | $34.04 | 34.80% |
| 1980 | $47.15 | 38.52% |
| 1981 | $53.30 | 13.04% |
| 1982 | $50.98 | -4.36% |
| 1983 | $49.04 | -3.81% |
| 1984 | $48.63 | -0.83% |
| 1985 | $48.63 | 0.01% |
| 1986 | $38.25 | -21.35% |
| 1987 | $39.71 | 3.83% |
| 1988 | $40.01 | 0.75% |
| 1989 | $43.56 | 8.88% |
| 1990 | $50.13 | 15.08% |
| 1991 | $49.09 | -2.08% |
| 1992 | $48.69 | -0.82% |
| 1993 | $48.22 | -0.96% |
| 1994 | $48.35 | 0.27% |
| 1995 | $48.96 | 1.26% |
| 1996 | $52.37 | 6.97% |
| 1997 | $52.39 | 0.03% |
| 1998 | $45.63 | -12.91% |
| 1999 | $49.55 | 8.61% |
| 2000 | $64.15 | 29.45% |
| 2001 | $62.03 | -3.30% |
| 2002 | $58.03 | -6.44% |
| 2003 | $67.71 | 16.68% |
| 2004 | $79.85 | 17.93% |
| 2005 | $97.81 | 22.49% |
| 2006 | $110.47 | 12.94% |
| 2007 | $119.41 | 8.09% |
| 2008 | $140.88 | 17.98% |
| 2009 | $101.70 | -27.81% |
| 2010 | $120.21 | 18.20% |
| 2011 | $151.82 | 26.30% |
| 2012 | $156.55 | 3.12% |
| 2013 | $152.28 | -2.73% |
| 2014 | $147.09 | -3.41% |
| 2015 | $107.37 | -27.01% |
| 2016 | $94.92 | -11.59% |
| 2017 | $107.15 | 12.89% |
| 2018 | $121.98 | 13.84% |
| 2019 | $117.60 | -3.59% |
| 2020 | $98.48 | -16.26% |
| 2021 | $133.33 | 35.39% |
| 2022 | $177.13 | 32.85% |
| 2023 | $158.12 | -10.73% |
| 2024 | $153.20 | -3.11%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Energy commodities:
| Year | 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 21.592 | 21.269 | 21.515 | 21.892 | 21.885 | 21.985 | 22.085 | 21.931 | 22.600 | 23.154 | 23.931 | 24.423 | 25.185 | 25.592 | 26.115 | 26.454 | 29.146 | 40.369 | 43.354 | 45.362 | 48.700 | 50.969 | 68.708 | 95.177 | 107.592 | 102.900 | 98.977 | 98.154 | 98.162 | 77.208 | 80.162 | 80.762 | 87.931 | 101.192 | 99.085 | 98.277 | 97.331 | 97.592 | 98.823 | 105.708 | 105.738 | 92.092 | 100.023 | 129.485 | 125.208 | 117.138 | 136.677 | 161.177 | 197.431 | 222.977 | 241.018 | 284.352 | 205.281 | 242.636 | 306.445 | 315.999 | 307.373 | 296.900 | 216.714 | 191.589 | 216.285 | 246.210 | 237.363 | 198.779 | 269.119 | 357.530 | 319.154 | 309.234 |