According to the U.S. Bureau of Labor Statistics, prices for rice were 2.62% lower in 2019 versus 2012 (a $0.52 difference in value).
Between 2012 and 2019: Rice experienced an average inflation rate of -0.38% per year. In other words, rice costing $20 in the year 2012 would cost $19.48 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.32% during this same period, inflation for rice was lower.
In the year 2012: Pricing changed by 2.07%, which is above the average yearly change for rice during the 2012-2019 time period. Compared to inflation for all items in 2012 (2.07%), inflation for rice was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rice:
Below are calculations of equivalent buying power for Rice, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|