According to the U.S. Bureau of Labor Statistics, prices for rice were 62.18% higher in 2020 versus 1997 (a $12.44 difference in value).
Between 1997 and 2020: Rice experienced an average inflation rate of 2.12% per year. This rate of change indicates significant inflation. In other words, rice costing $20 in the year 1997 would cost $32.44 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for rice was higher.
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 | 2019 | 2020 |
| 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 | 161.708 | 162.567 | 162.176 |
Below are calculations of equivalent buying power for Rice, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $19.87 | -0.65% |
| 1999 | $20.18 | 1.55% |
| 2000 | $19.86 | -1.59% |
| 2001 | $19.64 | -1.09% |
| 2002 | $19.65 | 0.05% |
| 2003 | $20.16 | 2.57% |
| 2004 | $21.60 | 7.17% |
| 2005 | $21.75 | 0.71% |
| 2006 | $22.98 | 5.64% |
| 2007 | $24.01 | 4.50% |
| 2008 | $30.57 | 27.30% |
| 2009 | $32.20 | 5.33% |
| 2010 | $31.38 | -2.54% |
| 2011 | $32.79 | 4.47% |
| 2012 | $33.47 | 2.07% |
| 2013 | $34.04 | 1.72% |
| 2014 | $34.14 | 0.27% |
| 2015 | $33.44 | -2.04% |
| 2016 | $32.62 | -2.47% |
| 2017 | $32.01 | -1.87% |
| 2018 | $32.34 | 1.05% |
| 2019 | $32.51 | 0.53% |
| 2020 | $32.44 | -0.24%* |