Rice, pasta, cornmeal priced at $0.74 in 1977 $3.20 in 2024

Rice, Pasta, Cornmeal Inflation Calculator

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Prices for Rice, Pasta, Cornmeal, 1977-2024 ($0.74)

According to the U.S. Bureau of Labor Statistics, prices for rice, pasta, cornmeal are 332% higher in 2024 versus 1977 (a $2.46 difference in value).

The current national average price is $0.74 for "Spaghetti (cost per pound/453.6 grams)". This data is collected by a national survey and can vary from region to region.

Between 1977 and 2024: Rice, pasta, cornmeal experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, rice, pasta, cornmeal costing $0.74 in the year 1977 would cost $3.20 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.53% during this same period, inflation for rice, pasta, cornmeal was lower.

Price Inflation for Rice, pasta, cornmeal since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (20.58%), 1980 (16.46%), and 2022 (12.81%).

Price history

The average price for Rice, pasta, cornmeal is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Spaghetti (cost per pound/453.6 grams):

YearAverage price (Rice, pasta, cornmeal)Inflation adjusted price (2024 dollars)
1981$0.74$0.74
1980$0.68$0.76

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Buying power of $0.74 since 1977

Below are calculations of equivalent buying power for Rice, pasta, cornmeal, over time, for $0.74 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$0.74-
1978$0.819.82%
1979$0.865.28%
1980$1.0016.46%
1981$1.1111.42%
1982$1.10-0.58%
1983$1.08-2.14%
1984$1.102.28%
1985$1.121.28%
1986$1.120.16%
1987$1.11-0.53%
1988$1.2512.46%
1989$1.324.90%
1990$1.341.67%
1991$1.393.74%
1992$1.411.38%
1993$1.421.12%
1994$1.537.66%
1995$1.540.37%
1996$1.582.85%
1997$1.633.17%
1998$1.651.20%
1999$1.670.89%
2000$1.65-0.76%
2001$1.702.60%
2002$1.710.77%
2003$1.762.89%
2004$1.802.58%
2005$1.810.48%
2006$1.883.69%
2007$1.995.87%
2008$2.4020.58%
2009$2.525.09%
2010$2.46-2.39%
2011$2.574.31%
2012$2.622.26%
2013$2.620.02%
2014$2.61-0.54%
2015$2.651.48%
2016$2.62-1.05%
2017$2.57-2.03%
2018$2.590.84%
2019$2.610.76%
2020$2.672.49%
2021$2.690.64%
2022$3.0412.81%
2023$3.226.21%
2024$3.20-0.87%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI67.50074.13178.04690.892101.269100.68598.531100.777102.069102.231101.685114.354119.962121.969126.531128.277129.715139.654140.177144.177148.754150.538151.877150.723154.638155.831160.338164.477165.262171.354181.421218.763229.900224.406234.088239.384239.427238.133241.647239.110234.257236.233238.024243.947245.514276.958294.157291.600

Adjust rice, pasta, cornmeal prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1977 * 1977 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Rice, pasta, cornmeal was 67.500 in the year 1977 and 291.600 in 2024:

291.600 / 67.500 * $0.74 = $3.20

Therefore, according to U.S. Bureau of Labor Statistics, $0.74 in 1977 has the same "purchasing power" as $3.20 in 2024 (in the CPI category of Rice, pasta, cornmeal).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rice, pasta, cornmeal in 1977. In addition to rice, pasta, cornmeal, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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