According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices are 22.46% higher in 2024 versus 2018 (a $4.49 difference in value).
Between 2018 and 2024: Salt and other seasonings and spices experienced an average inflation rate of 3.43% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 2018 would cost $24.49 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation for salt and other seasonings and spices was lower.
In the year 2018: Pricing changed by 1.48%, which is below the average yearly change for salt and other seasonings and spices during the 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2018 | $20.00 | 1.48% |
2019 | $20.09 | 0.44% |
2020 | $20.38 | 1.48% |
2021 | $21.05 | 3.28% |
2022 | $23.07 | 9.59% |
2023 | $24.18 | 4.82% |
2024 | $24.49 | 1.28%* |
* 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 | 2024 |
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 | 186.521 | 188.909 |