According to the U.S. Bureau of Labor Statistics, prices for sauces and gravies are 7.29% higher in 2022 versus 2021 (a $1.46 difference in value).
Between 2021 and 2022: Sauces and gravies experienced an average inflation rate of 7.29% per year. This rate of change indicates significant inflation. In other words, sauces and gravies costing $20 in the year 2021 would cost $21.46 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.83% during this same period, inflation for sauces and gravies was higher.
In the year 2021: Pricing changed by 1.42%, which is significantly below the average yearly change for sauces and gravies during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for sauces and gravies was much lower.
Below are calculations of equivalent buying power for Sauces and gravies, over time, for $20 beginning in 2021. 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 Sauces and gravies: