Salt and other seasonings and spices priced at $20 in 2023 $20.33 in 2024

Salt And Other Seasonings And Spices Inflation Calculator

$

Prices for Salt And Other Seasonings And Spices, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices are 1.65% higher in 2024 versus 2023 (a $0.33 difference in value).

Between 2023 and 2024: Salt and other seasonings and spices experienced an average inflation rate of 1.65% per year. In other words, salt and other seasonings and spices costing $20 in the year 2023 would cost $20.33 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for salt and other seasonings and spices was lower.

In the year 2023: Pricing changed by 4.82%, which is significantly above the average yearly change for salt and other seasonings and spices during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for salt and other seasonings and spices was 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
Detroit, Michigan · Financial services · Dental services · College tuition and fees · More

Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.004.82%
2024$20.331.65%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.077101.608102.400106.992107.854107.000107.431112.054111.915114.802119.141122.161122.820129.500137.159135.794140.703146.541151.571152.003154.260154.931157.222162.372177.939186.521189.597

Adjust salt and other seasonings and spices prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Salt and other seasonings and spices was 186.521 in the year 2023 and 189.597 in 2024:

189.597 / 186.521 * $20 = $20.33

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.33 in 2024 (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.