Decide whether you will use 1/3 cup sugar or 1/4 cup honey. (Choose only one; do not use both.) Measure 1/2 cup arborio rice, 2 1/2 cups milk, 1/8 teaspoon salt, and 1/4 teaspoon ground cinnamon.
In a medium saucepan combine the arborio rice, milk, salt, cinnamon, and the 1/3 cup sugar if you chose sugar. Stir to combine.
Heat the saucepan over medium-high heat and bring the mixture to a gentle boil, stirring frequently to prevent the milk from scorching or boiling over.
Immediately reduce the heat to low, partially cover the saucepan, and simmer. Stir the rice every 5 minutes, scraping the bottom of the pan, until the rice is tender and the liquid is mostly absorbed—about 20–25 minutes.
Remove the pan from the heat. If you chose honey, stir in 1/4 cup honey now. Then stir in 2 teaspoons coconut oil until melted and incorporated.
Spoon the pudding into individual serving bowls. Serve warm after letting sit a few minutes, or cover with plastic wrap and refrigerate until chilled.
Serve each portion with a generous dollop of your choice of fruit yogurt, or let everyone stir their own yogurt into their pudding.