According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices were 35.18% higher in 2021 versus 2008 (a $7.04 difference in value).
Between 2008 and 2021: Salt and other seasonings and spices experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 2008 would cost $27.04 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.65% during this same period, inflation for salt and other seasonings and spices was higher.
In the year 2008: Pricing changed by 3.78%, which is above the average yearly change for salt and other seasonings and spices during the 2008-2021 time period. Compared to inflation for all items in 2008 (3.84%), inflation for salt and other seasonings and spices was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Salt and other seasonings and spices:
Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|