Salt and other seasonings and spices priced at $20 in 2012 $27.24 in 2023

Salt And Other Seasonings And Spices Inflation Calculator

$

Prices for Salt And Other Seasonings And Spices, 2012-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices are 36.20% higher in 2023 versus 2012 (a $7.24 difference in value).

Between 2012 and 2023: Salt and other seasonings and spices experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 2012 would cost $27.24 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.59% during this same period, inflation for salt and other seasonings and spices was higher.

In the year 2012: Pricing changed by 5.91%, which is significantly above the average yearly change for salt and other seasonings and spices during the 2012-2023 time period. Compared to inflation for all items in 2012 (2.07%), inflation for salt and other seasonings and spices was much higher.

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%).

View price changes for other categories
Frankfurters · Parking fees and tolls · Boston, Massachusetts · Food · More

Buying power of $20.00 since 2012

Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2012$20.005.91%
2013$19.80-0.99%
2014$20.523.61%
2015$21.374.15%
2016$22.103.43%
2017$22.160.29%
2018$22.491.48%
2019$22.590.44%
2020$22.931.48%
2021$23.683.28%
2022$25.959.59%
2023$27.244.98%*

* 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:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000100.077101.608102.400106.992107.854107.000107.431112.054111.915114.802119.141122.161122.820129.500137.159135.794140.703146.541151.571152.003154.260154.931157.222162.372177.939186.805

Adjust salt and other seasonings and spices prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2012 * 2012 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Salt and other seasonings and spices was 137.159 in the year 2012 and 186.805 in 2023:

186.805 / 137.159 * $20 = $27.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2012 has the same "purchasing power" as $27.24 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.

» Read more about inflation and investment.