Rice, pasta, cornmeal priced at $20 in 2000 $31.35 in 2018

Historical Price Inflation for Rice, pasta, cornmeal

$

Prices for Rice, Pasta, Cornmeal, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for rice, pasta, cornmeal were 56.77% higher in 2018 versus 2000 (a $11.35 difference in value).

Between 2000 and 2018: Rice, pasta, cornmeal experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, rice, pasta, cornmeal costing $20 in the year 2000 would cost $31.35 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for rice, pasta, cornmeal was higher.

In the year 2000: Pricing changed by -0.76%, which is significantly below the average yearly change for rice, pasta, cornmeal during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for rice, pasta, cornmeal was much lower.

Price Inflation for Rice, pasta, cornmeal since 1990

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (20.58%), 1994 (7.65%), and 2007 (5.88%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rice, pasta, cornmeal:

Year 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 121.983 126.567 128.292 129.717 139.642 140.142 144.175 148.750 150.542 151.875 150.725 154.642 155.833 160.342 164.475 165.258 171.350 181.421 218.763 229.900 224.406 234.088 239.384 239.427 238.133 241.647 239.110 234.257 236.291

View price changes for other categories
Seattle, Washington · Chicago, Illinois · Public transportation · Legal services · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Rice, pasta, cornmeal, 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 -0.76%
2001 $20.52 2.60%
2002 $20.68 0.77%
2003 $21.28 2.89%
2004 $21.82 2.58%
2005 $21.93 0.48%
2006 $22.74 3.69%
2007 $24.07 5.88%
2008 $29.03 20.58%
2009 $30.51 5.09%
2010 $29.78 -2.39%
2011 $31.06 4.31%
2012 $31.76 2.26%
2013 $31.77 0.02%
2014 $31.60 -0.54%
2015 $32.06 1.48%
2016 $31.73 -1.05%
2017 $31.08 -2.03%
2018 $31.35 0.87%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for rice, pasta, cornmeal, 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 Rice, pasta, cornmeal was 150.725 in the year 2000 and 236.291 in 2018:

236.291 / 150.725 * $20 = $31.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.35 in 2018 (in the CPI category of Rice, pasta, cornmeal).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rice, pasta, cornmeal in 1990. In addition to rice, pasta, cornmeal, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.