According to the U.S. Bureau of Labor Statistics, prices for rice were 58.38% higher in 2020 versus 2003 (a $11.68 difference in value).
Between 2003 and 2020: Rice experienced an average inflation rate of 2.74% per year. This rate of change indicates significant inflation. In other words, rice costing $20 in the year 2003 would cost $31.68 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.01% during this same period, inflation for rice was higher.
In the year 2003: Pricing changed by 2.57%, which is below the average yearly change for rice during the 2003-2020 time period. Compared to inflation for all items in 2003 (2.27%), inflation for rice was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rice:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| CPI | 100.000 | 99.354 | 100.892 | 99.285 | 98.200 | 98.254 | 100.777 | 108.000 | 108.762 | 114.892 | 120.066 | 152.842 | 160.992 | 156.909 | 163.927 | 167.327 | 170.212 | 170.678 | 167.202 | 163.080 | 160.028 | 161.708 | 162.567 | 159.609 |
Below are calculations of equivalent buying power for Rice, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2003 | $20.00 | 2.57% |
| 2004 | $21.43 | 7.17% |
| 2005 | $21.58 | 0.71% |
| 2006 | $22.80 | 5.64% |
| 2007 | $23.83 | 4.50% |
| 2008 | $30.33 | 27.30% |
| 2009 | $31.95 | 5.33% |
| 2010 | $31.14 | -2.54% |
| 2011 | $32.53 | 4.47% |
| 2012 | $33.21 | 2.07% |
| 2013 | $33.78 | 1.72% |
| 2014 | $33.87 | 0.27% |
| 2015 | $33.18 | -2.04% |
| 2016 | $32.36 | -2.47% |
| 2017 | $31.76 | -1.87% |
| 2018 | $32.09 | 1.05% |
| 2019 | $32.26 | 0.53% |
| 2020 | $31.68 | -1.82%* |
