Rice, pasta, cornmeal priced at $0.74 in 1996 $1.37 in 2022

Rice, Pasta, Cornmeal Inflation Calculator

$

Prices for Rice, Pasta, Cornmeal, 1996-2022 ($0.74)

According to the U.S. Bureau of Labor Statistics, prices for rice, pasta, cornmeal are 85.50% higher in 2022 versus 1996 (a $0.63 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 1996 and 2022: Rice, pasta, cornmeal experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, rice, pasta, cornmeal costing $0.74 in the year 1996 would cost $1.37 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.37% during this same period, inflation for rice, pasta, cornmeal was higher.

In the year 1996: Pricing changed by 2.85%, which is above the average yearly change for rice, pasta, cornmeal during the 1996-2022 time period. Compared to inflation for all items in 1996 (2.93%), 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 1988 (12.46%).

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 (2022 dollars)
1981$0.74$0.74
1980$0.68$0.76

View price changes for other categories
Juices and nonalcoholic drinks · Bread · Legal services · Fresh fruits · More

Buying power of $0.74 since 1996

Below are calculations of equivalent buying power for Rice, pasta, cornmeal, over time, for $0.74 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$0.742.85%
1997$0.763.17%
1998$0.771.20%
1999$0.780.89%
2000$0.77-0.76%
2001$0.792.60%
2002$0.800.77%
2003$0.822.89%
2004$0.842.58%
2005$0.850.48%
2006$0.883.69%
2007$0.935.87%
2008$1.1220.58%
2009$1.185.09%
2010$1.15-2.39%
2011$1.204.31%
2012$1.232.26%
2013$1.230.02%
2014$1.22-0.54%
2015$1.241.48%
2016$1.23-1.05%
2017$1.20-2.03%
2018$1.210.84%
2019$1.220.76%
2020$1.252.49%
2021$1.260.64%
2022$1.378.93%*
* Not final. See inflation summary for latest details.

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

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI67.50074.13178.04690.892101.269100.68598.531100.777102.069102.231101.685114.354119.962121.969126.531128.277129.715139.654140.177144.177148.754150.538151.877150.723154.638155.831160.338164.477165.262171.354181.421218.763229.900224.406234.088239.384239.427238.133241.647239.110234.257236.233238.024243.947245.514267.445

Adjust rice, pasta, cornmeal prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1996 * 1996 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Rice, pasta, cornmeal was 144.177 in the year 1996 and 267.445 in 2022:

267.445 / 144.177 * $0.74 = $1.37

Therefore, according to U.S. Bureau of Labor Statistics, $0.74 in 1996 has the same "purchasing power" as $1.37 in 2022 (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.

» Read more about inflation and investment.