Rice priced at $20 in 2000 $32.55 in 2018

Historical Price Inflation for Rice

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Prices for Rice, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for rice were 62.77% higher in 2018 versus 2000 (a $12.55 difference in value).

Between 2000 and 2018: Rice experienced an average inflation rate of 2.74% per year. This rate of change indicates significant inflation. In other words, rice costing $20 in the year 2000 would cost $32.55 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for rice was higher.

In the year 2000: Pricing changed by -1.59%, which is significantly below the average yearly change for rice during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for rice was much lower.

Price Inflation for Rice since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (27.30%), 2004 (7.17%), and 2006 (5.64%).

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

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 99.354 100.892 99.285 98.200 98.254 100.777 108.000 108.762 114.892 120.066 152.842 160.992 156.909 163.927 167.327 170.212 170.678 167.202 163.080 160.028 161.602

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Rice, 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 -1.59%
2001 $19.78 -1.09%
2002 $19.79 0.05%
2003 $20.30 2.57%
2004 $21.76 7.17%
2005 $21.91 0.71%
2006 $23.14 5.64%
2007 $24.19 4.50%
2008 $30.79 27.30%
2009 $32.43 5.33%
2010 $31.61 -2.54%
2011 $33.02 4.47%
2012 $33.71 2.07%
2013 $34.29 1.72%
2014 $34.38 0.27%
2015 $33.68 -2.04%
2016 $32.85 -2.47%
2017 $32.24 -1.87%
2018 $32.55 0.98%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for rice, 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 was 99.285 in the year 2000 and 161.602 in 2018:

161.602 / 99.285 * $20 = $32.55

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $32.55 in 2018 (in the CPI category of Rice).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rice in 1997. In addition to rice, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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