Rice, pasta, cornmeal priced at $0.74 in 2001 $1.27 in 2022

Rice, Pasta, Cornmeal Inflation Calculator

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Prices for Rice, Pasta, Cornmeal, 2001-2022 ($0.74)

According to the U.S. Bureau of Labor Statistics, prices for rice, pasta, cornmeal are 71.46% higher in 2022 versus 2001 (a $0.53 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 2001 and 2022: Rice, pasta, cornmeal experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, rice, pasta, cornmeal costing $0.74 in the year 2001 would cost $1.27 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.32% during this same period, inflation for rice, pasta, cornmeal was higher.

In the year 2001: Pricing changed by 2.60%, which is below the average yearly change for rice, pasta, cornmeal during the 2001-2022 time period. Compared to inflation for all items in 2001 (2.83%), 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):

Year Average price (Rice, pasta, cornmeal) Inflation adjusted price (2022 dollars)
1981 $0.74 $0.74
1980 $0.68 $0.76

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Buying power of $0.74 since 2001

Below are calculations of equivalent buying power for Rice, pasta, cornmeal, over time, for $0.74 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2001 $0.74 2.60%
2002 $0.75 0.77%
2003 $0.77 2.89%
2004 $0.79 2.58%
2005 $0.79 0.48%
2006 $0.82 3.69%
2007 $0.87 5.87%
2008 $1.05 20.58%
2009 $1.10 5.09%
2010 $1.07 -2.39%
2011 $1.12 4.31%
2012 $1.15 2.26%
2013 $1.15 0.02%
2014 $1.14 -0.54%
2015 $1.16 1.48%
2016 $1.14 -1.05%
2017 $1.12 -2.03%
2018 $1.13 0.84%
2019 $1.14 0.76%
2020 $1.17 2.49%
2021 $1.17 0.64%
2022 $1.27 7.99%*
* Not final. See inflation summary for latest details.

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 2022
CPI 67.500 74.131 78.046 90.892 101.269 100.685 98.531 100.777 102.069 102.231 101.685 114.354 119.962 121.969 126.531 128.277 129.715 139.654 140.177 144.177 148.754 150.538 151.877 150.723 154.638 155.831 160.338 164.477 165.262 171.354 181.421 218.763 229.900 224.406 234.088 239.384 239.427 238.133 241.647 239.110 234.257 236.233 238.024 243.947 245.514 265.143

Adjust rice, pasta, cornmeal prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2001 * 2001 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Rice, pasta, cornmeal was 154.638 in the year 2001 and 265.143 in 2022:

265.143 / 154.638 * $0.74 = $1.27

Therefore, according to U.S. Bureau of Labor Statistics, $0.74 in 2001 has the same "purchasing power" as $1.27 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.

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