Rice priced at $1.35 in 2008 $1.62 in 2022

Rice Inflation Calculator


Prices for Rice, 2008-2022 ($1.35)

According to the U.S. Bureau of Labor Statistics, prices for rice are 19.82% higher in 2022 versus 2008 (a $0.27 difference in value).

The current national average price is $1.35 for "Rice, white, long grain, precooked (cost per pound/453.6 grams)". This data is collected by a national survey and can vary from region to region.

Between 2008 and 2022: Rice experienced an average inflation rate of 1.30% per year. In other words, rice costing $1.35 in the year 2008 would cost $1.62 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for rice was lower.

In the year 2008: Pricing changed by 27.30%, which is significantly above the average yearly change for rice during the 2008-2022 time period. Compared to inflation for all items in 2008 (3.84%), inflation for rice was much higher.

Price Inflation for Rice since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (27.30%), 2022 (9.99%), and 2004 (7.17%).

Price history

The average price for Rice 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 Rice, white, long grain, precooked (cost per pound/453.6 grams):

YearAverage price (Rice)Inflation adjusted price (2022 dollars)
1981$1.30No data
1980$1.19No data

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Buying power of $1.35 since 2008

Below are calculations of equivalent buying power for Rice, over time, for $1.35 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust rice prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2008 * 2008 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Rice was 152.842 in the year 2008 and 183.138 in 2022:

183.138 / 152.842 * $1.35 = $1.62

Therefore, according to U.S. Bureau of Labor Statistics, $1.35 in 2008 has the same "purchasing power" as $1.62 in 2022 (in the CPI category of Rice).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rice in 1997. In addition to rice, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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