Salt and other seasonings and spices price inflation, 1997→2023

Salt And Other Seasonings And Spices Inflation Calculator

Prices for Salt And Other Seasonings And Spices, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices are 86.67% higher in 2023 versus 1997 (a $17.33 difference in value).

Between 1997 and 2023: Salt and other seasonings and spices experienced an average inflation rate of 2.43% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 1997 would cost $37.33 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for salt and other seasonings and spices was lower.

Price Inflation for Salt and other seasonings and spices since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (9.59%), 2012 (5.91%), and 2011 (5.44%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.02	0.08%
1999	$20.32	1.53%
2000	$20.48	0.78%
2001	$21.40	4.48%
2002	$21.57	0.81%
2003	$21.40	-0.79%
2004	$21.49	0.40%
2005	$22.41	4.30%
2006	$22.38	-0.12%
2007	$22.96	2.58%
2008	$23.83	3.78%
2009	$24.43	2.53%
2010	$24.56	0.54%
2011	$25.90	5.44%
2012	$27.43	5.91%
2013	$27.16	-0.99%
2014	$28.14	3.61%
2015	$29.31	4.15%
2016	$30.31	3.43%
2017	$30.40	0.29%
2018	$30.85	1.48%
2019	$30.99	0.44%
2020	$31.44	1.48%
2021	$32.47	3.28%
2022	$35.59	9.59%
2023	$37.33	4.91%*

* 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 Salt and other seasonings and spices:

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	2021	2022	2023
CPI	100.000	100.077	101.608	102.400	106.992	107.854	107.000	107.431	112.054	111.915	114.802	119.141	122.161	122.820	129.500	137.159	135.794	140.703	146.541	151.571	152.003	154.260	154.931	157.222	162.372	177.939	186.670

Adjust salt and other seasonings and spices prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Salt and other seasonings and spices was 100.000 in the year 1997 and 186.670 in 2023:

186.670 / 100.000 * $20 = $37.33

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $37.33 in 2023 (in the CPI category of Salt and other seasonings and spices).

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