Rice priced at $20 in 1999 $32.30 in 2019

Historical Price Inflation for Rice

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Prices for Rice, 1999-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for rice were 61.51% higher in 2019 versus 1999 (a $12.30 difference in value).

Between 1999 and 2019: Rice experienced an average inflation rate of 2.43% per year. This rate of change indicates significant inflation. In other words, rice costing $20 in the year 1999 would cost $32.30 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for rice was higher.

In the year 1999: Pricing changed by 1.55%, which is below the average yearly change for rice during the 1999-2019 time period. Compared to inflation for all items in 1999 (2.19%), inflation for rice was 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 2019
CPI 100.000 99.354 100.892 99.285 98.200 98.254 100.777 108.000 108.762 114.892 120.066 152.842 160.992 156.909 163.927 167.327 170.212 170.678 167.202 163.080 160.028 161.708 162.950

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Buying power of $20 since 1999

Below are calculations of equivalent buying power for Rice, over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1999 $20.00 1.55%
2000 $19.68 -1.59%
2001 $19.47 -1.09%
2002 $19.48 0.05%
2003 $19.98 2.57%
2004 $21.41 7.17%
2005 $21.56 0.71%
2006 $22.78 5.64%
2007 $23.80 4.50%
2008 $30.30 27.30%
2009 $31.91 5.33%
2010 $31.10 -2.54%
2011 $32.50 4.47%
2012 $33.17 2.07%
2013 $33.74 1.72%
2014 $33.83 0.27%
2015 $33.14 -2.04%
2016 $32.33 -2.47%
2017 $31.72 -1.87%
2018 $32.06 1.05%
2019 $32.30 0.77%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for rice, 1999-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 1999 * 1999 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Rice was 100.892 in the year 1999 and 162.950 in 2019:

162.950 / 100.892 * $20 = $32.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $32.30 in 2019 (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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