According to the U.S. Bureau of Labor Statistics, prices for rice were 1.26% lower in 2020 versus 2016 (a $0.25 difference in value).
Between 2016 and 2020: Rice experienced an average inflation rate of -0.32% per year. In other words, rice costing $20 in the year 2016 would cost $19.75 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.80% during this same period, inflation for rice was lower.
In the year 2016: Pricing changed by -2.47%, which is below the average yearly change for rice during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for rice was much 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|