Energy prices down 8.9 percent over the year ended April 2016

May 19, 2016

The Consumer Price Index for energy declined 8.9 percent over the year ended in April, driven by a 13.8-percent decrease in gasoline prices. Prices for natural gas (-6.5 percent) and electricity (-2.1 percent) also contributed to the decline. Prices for other motor fuels, fuel oil, and propane, kerosene, and firewood were also down for the year, but together only make up 3.2 percent of the broader energy index.

12-month percent change in Consumer Price Indexes for energy commodities and services, January 2007–April 2016
Month Fuel oil Propane, kerosene, and firewood Gasoline Other motor fuels Electricity Natural gas

Jan 2007

-2.0 2.2 -2.7 2.7 4.1 -17.7

Feb 2007

0.1 1.5 -1.4 2.8 3.7 -9.7

Mar 2007

2.8 2.8 7.2 3.9 3.8 -3.2

Apr 2007

0.7 3.5 3.2 3.2 3.7 0.2

May 2007

-0.7 4.0 6.0 -2.7 4.1 1.7

Jun 2007

-0.1 3.7 5.0 -2.3 3.4 7.2

Jul 2007

1.1 2.6 -1.1 -1.0 3.1 5.2

Aug 2007

-0.4 2.7 -6.4 -4.7 3.0 0.5

Sep 2007

7.3 4.8 8.7 2.3 3.1 -2.6

Oct 2007

16.5 11.1 23.4 18.3 4.7 5.9

Nov 2007

33.1 18.4 37.1 29.3 5.5 1.9

Dec 2007

32.5 19.2 29.6 24.1 5.2 -0.4

Jan 2008

40.4 22.5 34.5 26.9 3.7 1.2

Feb 2008

37.9 22.6 32.7 27.8 3.4 3.5

Mar 2008

48.4 23.4 26.0 40.2 3.7 5.3

Apr 2008

52.6 22.8 20.7 40.7 5.0 10.9

May 2008

64.0 23.7 20.8 51.0 5.8 16.5

Jun 2008

78.0 27.3 32.8 62.6 5.6 21.5

Jul 2008

75.7 31.2 37.9 61.4 7.9 32.7

Aug 2008

58.7 29.5 35.6 50.9 9.1 29.3

Sep 2008

44.0 26.1 31.7 38.8 7.7 19.0

Oct 2008

23.8 17.0 12.0 19.2 8.1 13.9

Nov 2008

-7.2 4.4 -29.4 -13.0 8.1 7.5

Dec 2008

-21.0 -0.3 -43.1 -25.1 8.6 5.5

Jan 2009

-26.9 -3.9 -40.4 -29.2 8.7 3.2

Feb 2009

-29.2 -4.9 -35.6 -32.6 9.2 -3.3

Mar 2009

-39.5 -9.7 -39.3 -44.8 8.2 -11.4

Apr 2009

-41.2 -14.7 -39.5 -45.2 6.3 -21.0

May 2009

-46.0 -18.0 -39.4 -48.8 4.8 -29.4

Jun 2009

-47.6 -20.3 -34.6 -46.6 2.8 -32.2

Jul 2009

-48.3 -24.7 -37.3 -46.2 0.1 -36.2

Aug 2009

-39.9 -24.5 -30.0 -40.4 -1.2 -32.7

Sep 2009

-36.0 -23.7 -29.7 -35.8 -0.1 -28.0

Oct 2009

-26.3 -17.4 -17.9 -28.3 -0.6 -24.0

Nov 2009

-6.9 -9.0 23.6 -6.0 0.1 -18.6

Dec 2009

6.5 -4.2 53.5 9.2 -0.5 -18.1

Jan 2010

19.3 4.6 51.3 19.4 -1.9 -12.2

Feb 2010

19.3 6.8 36.8 21.9 -2.7 -8.4

Mar 2010

27.2 7.8 41.4 34.9 -0.5 -5.5

Apr 2010

28.0 11.7 38.3 34.2 0.6 -2.9

May 2010

27.1 11.0 27.0 36.0 0.7 2.3

Jun 2010

16.6 9.8 3.9 16.6 0.4 1.9

Jul 2010

15.1 10.6 7.4 14.3 1.3 3.1

Aug 2010

10.6 11.3 4.4 11.4 1.6 3.8

Sep 2010

11.8 13.3 5.1 10.9 1.1 3.0

Oct 2010

14.5 11.4 9.5 14.0 0.6 1.9

Nov 2010

11.1 8.0 7.3 11.6 0.3 -4.8

Dec 2010

16.5 7.9 13.8 15.7 0.7 -2.8

Jan 2011

17.3 2.1 13.4 16.4 1.2 -6.4

Feb 2011

27.1 1.9 19.2 24.0 2.2 -5.9

Mar 2011

34.0 5.6 27.5 33.6 1.0 -5.5

Apr 2011

35.1 7.1 33.1 34.5 0.6 -1.5

May 2011

36.0 10.7 36.9 32.6 1.8 -1.2

Jun 2011

37.3 11.5 35.6 33.7 1.5 -0.8

Jul 2011

37.2 13.6 33.6 33.5 2.0 -2.8

Aug 2011

35.4 13.1 32.4 31.6 1.9 -2.0

Sep 2011

33.4 12.0 33.3 31.2 2.7 0.2

Oct 2011

26.8 10.5 23.5 24.6 2.9 -2.2

Nov 2011

25.0 9.5 19.7 25.2 2.7 -1.3

Dec 2011

18.0 6.8 9.9 19.3 2.2 -3.7

Jan 2012

12.1 4.8 9.7 14.7 2.4 -5.5

Feb 2012

8.9 3.7 12.6 11.9 1.9 -9.8

Mar 2012

5.3 2.4 9.0 6.2 0.6 -9.1

Apr 2012

0.9 1.7 3.2 1.6 0.6 -11.6

May 2012

-1.1 -3.0 -4.0 -1.8 0.2 -14.9

Jun 2012

-6.8 -7.2 -4.3 -4.6 0.5 -13.6

Jul 2012

-5.6 -10.5 -5.5 -5.2 -1.3 -12.7

Aug 2012

-0.8 -11.1 1.8 1.0 -1.2 -11.2

Sep 2012

4.0 -12.1 6.8 6.0 -1.5 -10.7

Oct 2012

5.6 -12.2 9.1 7.3 -1.2 -8.4

Nov 2012

2.6 -12.1 1.9 1.7 -0.7 -4.7

Dec 2012

3.6 -11.7 1.7 1.6 -0.5 -2.9

Jan 2013

2.0 -9.8 -1.5 1.0 0.5 -2.5

Feb 2013

2.3 -8.8 3.3 3.6 0.8 1.3

Mar 2013

-2.4 -8.1 -3.1 -1.2 0.9 1.8

Apr 2013

-5.6 -7.4 -8.3 -4.7 1.1 7.6

May 2013

-5.8 -5.4 -4.1 -3.8 1.7 14.2

Jun 2013

1.8 -1.8 2.8 1.4 1.9 11.7

Jul 2013

3.4 1.2 5.2 3.2 3.1 8.8

Aug 2013

0.0 3.9 -2.4 -1.6 2.8 4.8

Sep 2013

-3.1 7.8 -7.5 -4.6 3.2 5.3

Oct 2013

-4.6 8.0 -10.1 -6.0 3.0 4.4

Nov 2013

-4.1 8.8 -5.8 -4.5 2.9 1.0

Dec 2013

-1.8 14.0 -1.0 -2.1 3.2 -0.1

Jan 2014

2.0 24.1 0.1 -0.6 4.4 4.9

Feb 2014

2.9 37.5 -8.1 -3.7 3.8 8.3

Mar 2014

2.1 18.2 -4.7 -2.5 5.3 16.4

Apr 2014

3.7 7.7 2.4 0.1 2.1 11.8

May 2014

5.3 6.6 2.3 1.6 3.6 7.3

Jun 2014

4.0 5.5 2.0 1.6 4.2 5.1

Jul 2014

2.2 7.3 0.8 1.3 4.0 6.9

Aug 2014

-0.2 5.5 -2.8 -1.1 4.1 5.8

Sep 2014

-3.2 3.5 -3.6 -3.2 2.8 5.8

Oct 2014

-6.5 2.6 -5.0 -4.4 3.1 3.4

Nov 2014

-10.1 0.7 -10.5 -5.8 2.8 3.2

Dec 2014

-19.1 -4.6 -21.0 -11.9 3.1 5.8

Jan 2015

-29.7 -17.4 -35.4 -24.2 2.5 -0.4

Feb 2015

-31.2 -26.6 -32.8 -27.8 3.2 -6.5

Mar 2015

-24.9 -15.6 -29.2 -26.9 0.9 -14.4

Apr 2015

-29.1 -9.2 -31.7 -28.8 3.8 -16.3

May 2015

-27.6 -10.6 -25.0 -26.6 0.5 -15.4

Jun 2015

-27.7 -10.5 -23.3 -25.7 0.0 -13.0

Jul 2015

-29.7 -14.0 -22.3 -27.0 -0.7 -14.2

Aug 2015

-34.6 -14.7 -23.3 -30.1 -0.6 -11.5

Sep 2015

-34.9 -15.5 -29.6 -33.1 -0.4 -12.1

Oct 2015

-32.9 -13.3 -27.8 -32.2 -0.5 -11.0

Nov 2015

-31.4 -12.6 -24.1 -31.4 -0.2 -11.7

Dec 2015

-31.4 -11.6 -19.7 -30.4 -1.2 -14.9

Jan 2016

-28.7 -8.8 -7.3 -26.3 -2.4 -12.7

Feb 2016

-32.1 -7.8 -20.7 -29.3 -3.0 -10.3

Mar 2016

-34.8 -9.1 -20.9 -29.2 -1.7 -9.2

Apr 2016

-27.5 -8.3 -13.8 -24.3 -2.1 -6.5

Energy prices decreased over the year despite rising 3.4 percent in April and 0.9 percent in March (seasonally adjusted). Most of the rise in April was due to an 8.1-percent increase in gasoline prices.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see “Consumer Price Index — April 2016” (HTML) (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Energy prices down 8.9 percent over the year ended April 2016 on the Internet at https://www.bls.gov/opub/ted/2016/energy-prices-down-8-point-9-percent-over-the-year-ended-april-2016.htm (visited April 20, 2018).

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