Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Energy inflation

United States energy inflation from 1957 to 2022

Quick summary

  1. Cost of energy in the US rosed 13.07% year-over-year in November 2022.
  2. Energy inflation increased by an average of 13.07% a month in the last 12 months.
  3. From October to November, the cost of energy increased by 2.47%.

What is energy inflation?

Energy inflation is the increase in the price of energy paid by consumers.

Energy inflation in the past 12 months

In the past 12 months energy inflation peaked at 13.07% in June 2022.

Date Energy inflation Change from prior month
November 2022 13.07% -2.47%
October 2022 17.63% 1.01%
September 2022 19.79% -2.63%
August 2022 23.81% -6.16%
July 2022 32.93% -4.55%
June 2022 41.62% 7.63%
May 2022 34.60% 6.13%
April 2022 30.27% 0.07%
March 2022 32.05% 11.38%
February 2022 25.55% 2.73%
January 2022 26.98% 1.74%
December 2021 29.30% -1.12%

What does this mean?

Cost of energy on average has gone up 13.07% from November 2021 to 2022. This means for example, energy such as oil which costed $10 in November 2021 would cost around $11.31 today, an increase of $1.31 year-over-year.

Are you keeping up with cost of energy?

If you were making $25/hour in November 2021, you would need to be making $28.27/hour today to keep up with cost of energy.

What energy inflation looks like

The effect of energy inflation on the cost of energy such as oil, assuming a base price of $10.00 in November 2021.
Date Cost of energy such as oil Change from prior month
December 2021 $9.89 - $-0.11
January 2022 $10.06 + $0.17
February 2022 $10.33 + $0.27
March 2022 $11.51 + $1.18
April 2022 $11.52 + $0.01
May 2022 $12.22 + $0.71
June 2022 $13.16 + $0.93
July 2022 $12.56 - $-0.60
August 2022 $11.79 - $-0.77
September 2022 $11.48 - $-0.31
October 2022 $11.59 + $0.12
November 2022 $11.31 - $-0.29

Impact of inflation on the cost of goods and services

The change in cost of $100 worth of goods and services over the last 12 months.

Historic energy inflation

US energy inflation from 1957 to November 2022.

Source(s)

  1. https://www.bls.gov/
Avatar

Written by

Jing Jun Ma

Jing Jun Ma is a tech and data expert with more than a decade of experience in digital marketing and programming. He wrangles data to make it useful for consumers facing a decision. See full profile

More guides on Finder

Go to site