Rice, pasta, cornmeal priced at $20 in 1978 $65.98 in 2021

Rice, Pasta, Cornmeal Inflation Calculator

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Prices for Rice, Pasta, Cornmeal, 1978-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for rice, pasta, cornmeal were 229.92% higher in 2021 versus 1978 (a $45.98 difference in value).

Between 1978 and 2021: Rice, pasta, cornmeal experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, rice, pasta, cornmeal costing $20 in the year 1978 would cost $65.98 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.35% during this same period, inflation for rice, pasta, cornmeal was lower.

In the year 1978: Pricing changed by 9.82%, which is significantly above the average yearly change for rice, pasta, cornmeal during the 1978-2021 time period. Compared to inflation for all items in 1978 (7.63%), inflation for rice, pasta, cornmeal was higher.

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 1988 (12.46%).

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

Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI 67.500 74.131 78.046 90.892 101.269 100.685 98.531 100.777 102.069 102.231 101.685 114.354 119.962 121.969 126.531 128.277 129.715 139.654 140.177 144.177 148.754 150.538 151.877 150.723 154.638 155.831 160.338 164.477 165.262 171.354 181.421 218.763 229.900 224.406 234.088 239.384 239.427 238.133 241.647 239.110 234.257 236.233 238.024 243.947 244.573

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Buying power of $20 since 1978

Below are calculations of equivalent buying power for Rice, pasta, cornmeal, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1978 $20.00 9.82%
1979 $21.06 5.28%
1980 $24.52 16.46%
1981 $27.32 11.42%
1982 $27.16 -0.58%
1983 $26.58 -2.14%
1984 $27.19 2.28%
1985 $27.54 1.28%
1986 $27.58 0.16%
1987 $27.43 -0.53%
1988 $30.85 12.46%
1989 $32.36 4.90%
1990 $32.91 1.67%
1991 $34.14 3.74%
1992 $34.61 1.38%
1993 $35.00 1.12%
1994 $37.68 7.66%
1995 $37.82 0.37%
1996 $38.90 2.85%
1997 $40.13 3.17%
1998 $40.61 1.20%
1999 $40.98 0.89%
2000 $40.66 -0.76%
2001 $41.72 2.60%
2002 $42.04 0.77%
2003 $43.26 2.89%
2004 $44.37 2.58%
2005 $44.59 0.48%
2006 $46.23 3.69%
2007 $48.95 5.87%
2008 $59.02 20.58%
2009 $62.03 5.09%
2010 $60.54 -2.39%
2011 $63.16 4.31%
2012 $64.58 2.26%
2013 $64.60 0.02%
2014 $64.25 -0.54%
2015 $65.19 1.48%
2016 $64.51 -1.05%
2017 $63.20 -2.03%
2018 $63.73 0.84%
2019 $64.22 0.76%
2020 $65.82 2.49%
2021 $65.98 0.26%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for rice, pasta, cornmeal, 1978-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1978 * 1978 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Rice, pasta, cornmeal was 74.131 in the year 1978 and 244.573 in 2021:

244.573 / 74.131 * $20 = $65.98

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $65.98 in 2021 (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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