Rice priced at $20 in 2006 $28.41 in 2019

Historical Price Inflation for Rice

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Prices for Rice, 2006-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for rice were 42.04% higher in 2019 versus 2006 (a $8.41 difference in value).

Between 2006 and 2019: 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 2006 would cost $28.41 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for rice was higher.

In the year 2006: Pricing changed by 5.64%, which is above the average yearly change for rice during the 2006-2019 time period. Compared to inflation for all items in 2006 (3.23%), inflation for rice was higher.

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 98.254 100.777 108.000 108.762 114.892 120.066 152.842 160.992 156.909 163.927 167.327 170.212 170.678 167.202 163.080 160.028 161.708 163.189

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Buying power of $20 since 2006

Below are calculations of equivalent buying power for Rice, over time, for $20 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2006 $20.00 5.64%
2007 $20.90 4.50%
2008 $26.61 27.30%
2009 $28.02 5.33%
2010 $27.31 -2.54%
2011 $28.54 4.47%
2012 $29.13 2.07%
2013 $29.63 1.72%
2014 $29.71 0.27%
2015 $29.11 -2.04%
2016 $28.39 -2.47%
2017 $27.86 -1.87%
2018 $28.15 1.05%
2019 $28.41 0.92%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for rice, 2006-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2006 * 2006 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Rice was 114.892 in the year 2006 and 163.189 in 2019:

163.189 / 114.892 * $20 = $28.41

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2006 has the same "purchasing power" as $28.41 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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