According to the U.S. Bureau of Labor Statistics, prices for rice were 6.49% lower in 2020 versus 2014 (a $1.30 difference in value).
Between 2014 and 2020: Rice experienced an average inflation rate of -1.11% per year. In other words, rice costing $20 in the year 2014 would cost $18.70 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for rice was lower.
In the year 2014: Pricing changed by 0.27%, which is above the average yearly change for rice during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for rice was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rice:
Below are calculations of equivalent buying power for Rice, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|