According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices are 54.99% higher in 2022 versus 2007 (a $11 difference in value).
Between 2007 and 2022: Salt and other seasonings and spices experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 2007 would cost $31 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.30% during this same period, inflation for salt and other seasonings and spices was higher.
In the year 2007: Pricing changed by 2.58%, which is below the average yearly change for salt and other seasonings and spices during the 2007-2022 time period. Compared to inflation for all items in 2007 (2.85%), inflation for salt and other seasonings and spices was lower.
Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation 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 Salt and other seasonings and spices: