According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices are 12.18% higher in 2022 versus 2020 (a $2.44 difference in value).
Between 2020 and 2022: Salt and other seasonings and spices experienced an average inflation rate of 5.91% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 2020 would cost $22.44 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.76% during this same period, inflation for salt and other seasonings and spices was higher.
In the year 2020: Pricing changed by 1.48%, which is significantly below the average yearly change for salt and other seasonings and spices during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for salt and other seasonings and spices was higher.
Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Salt and other seasonings and spices: