According to the U.S. Bureau of Labor Statistics, prices for fuels and utilities were 923.69% higher in 2022 versus 1970 (a $923.69 difference in value).
Between 1970 and 2022: Fuels and utilities experienced an average inflation rate of 4.57% per year. This rate of change indicates significant inflation. In other words, fuels and utilities costing $100 in the year 1970 would cost $1,023.69 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.96% during this same period, inflation for fuels and utilities was higher.
In the year 1970: Pricing changed by 3.87%, which is below the average yearly change for fuels and utilities during the 1970-2022 time period. Compared to inflation for all items in 1970 (5.83%), inflation for fuels and utilities was lower.
Below are calculations of equivalent buying power for Fuels and utilities, over time, for $100 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1970 | $100.00 | 3.87% |
| 1971 | $106.81 | 6.81% |
| 1972 | $111.51 | 4.40% |
| 1973 | $117.90 | 5.73% |
| 1974 | $139.53 | 18.34% |
| 1975 | $155.90 | 11.73% |
| 1976 | $169.71 | 8.86% |
| 1977 | $187.85 | 10.69% |
| 1978 | $200.66 | 6.82% |
| 1979 | $222.29 | 10.78% |
| 1980 | $258.81 | 16.43% |
| 1981 | $296.59 | 14.60% |
| 1982 | $325.88 | 9.87% |
| 1983 | $344.05 | 5.57% |
| 1984 | $359.89 | 4.61% |
| 1985 | $365.70 | 1.61% |
| 1986 | $357.41 | -2.27% |
| 1987 | $353.68 | -1.04% |
| 1988 | $358.52 | 1.37% |
| 1989 | $369.95 | 3.19% |
| 1990 | $383.15 | 3.57% |
| 1991 | $395.67 | 3.27% |
| 1992 | $404.38 | 2.20% |
| 1993 | $416.45 | 2.98% |
| 1994 | $421.49 | 1.21% |
| 1995 | $424.48 | 0.71% |
| 1996 | $437.71 | 3.12% |
| 1997 | $448.85 | 2.55% |
| 1998 | $440.98 | -1.75% |
| 1999 | $442.14 | 0.26% |
| 2000 | $473.36 | 7.06% |
| 2001 | $515.50 | 8.90% |
| 2002 | $492.82 | -4.40% |
| 2003 | $530.50 | 7.65% |
| 2004 | $555.74 | 4.76% |
| 2005 | $614.60 | 10.59% |
| 2006 | $668.37 | 8.75% |
| 2007 | $688.73 | 3.05% |
| 2008 | $755.28 | 9.66% |
| 2009 | $723.28 | -4.24% |
| 2010 | $735.26 | 1.66% |
| 2011 | $756.48 | 2.89% |
| 2012 | $751.74 | -0.63% |
| 2013 | $773.09 | 2.84% |
| 2014 | $805.30 | 4.17% |
| 2015 | $789.99 | -1.90% |
| 2016 | $785.61 | -0.55% |
| 2017 | $814.65 | 3.70% |
| 2018 | $829.21 | 1.79% |
| 2019 | $832.79 | 0.43% |
| 2020 | $837.43 | 0.56% |
| 2021 | $894.38 | 6.80% |
| 2022 | $1,023.69 | 14.46% |
| 2023 | $1,048.64 | 2.44% |
| 2024 | $1,079.06 | 2.90%* |
* 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 Fuels and utilities:
| 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 22.200 | 22.477 | 22.585 | 23.062 | 23.623 | 24.323 | 24.815 | 25.369 | 25.946 | 26.262 | 26.331 | 26.562 | 26.638 | 26.631 | 26.738 | 27.062 | 27.415 | 28.046 | 29.131 | 31.115 | 32.485 | 34.346 | 40.646 | 45.415 | 49.438 | 54.723 | 58.454 | 64.754 | 75.392 | 86.400 | 94.931 | 100.223 | 104.838 | 106.531 | 104.115 | 103.031 | 104.438 | 107.769 | 111.615 | 115.262 | 117.800 | 121.315 | 122.785 | 123.654 | 127.508 | 130.754 | 128.462 | 128.800 | 137.892 | 150.169 | 143.562 | 154.538 | 161.892 | 179.038 | 194.700 | 200.632 | 220.018 | 210.696 | 214.187 | 220.367 | 218.986 | 225.207 | 234.589 | 230.129 | 228.855 | 237.315 | 241.554 | 242.598 | 243.949 | 260.540 | 298.208 | 305.478 | 314.337 |