Spices, seasonings, condiments, sauces price inflation, 2022→2024

Spices, Seasonings, Condiments, Sauces Inflation Calculator

Prices for Spices, Seasonings, Condiments, Sauces, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for spices, seasonings, condiments, sauces are 10.91% higher in 2024 versus 2022 (a $2.18 difference in value).

Between 2022 and 2024: Spices, seasonings, condiments, sauces experienced an average inflation rate of 5.32% per year. This rate of change indicates significant inflation. In other words, spices, seasonings, condiments, sauces costing $20 in the year 2022 would cost $22.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for spices, seasonings, condiments, sauces was higher.

In the year 2022: Pricing changed by 10.87%, which is significantly above the average yearly change for spices, seasonings, condiments, sauces during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for spices, seasonings, condiments, sauces was higher.

Price Inflation for Spices, seasonings, condiments, sauces since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (12.25%), 2022 (10.87%), and 1981 (9.90%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Spices, seasonings, condiments, sauces, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	10.87%
2023	$21.57	7.86%
2024	$22.18	2.83%*

* 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 Spices, seasonings, condiments, sauces:

Year	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	67.385	73.285	82.262	90.408	96.962	100.408	102.646	105.923	108.823	112.877	116.138	123.038	129.738	137.015	142.992	147.262	151.100	155.538	162.515	167.785	172.662	175.762	175.608	181.354	184.562	185.531	185.262	187.969	190.331	195.492	204.631	214.731	214.412	219.932	225.929	226.352	229.676	235.575	237.721	239.568	241.669	242.889	249.360	254.455	282.112	304.290	312.904

Adjust spices, seasonings, condiments, sauces prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Spices, seasonings, condiments, sauces was 282.112 in the year 2022 and 312.904 in 2024:

312.904 / 282.112 * $20 = $22.18

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $22.18 in 2024 (in the CPI category of Spices, seasonings, condiments, sauces).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Spices, seasonings, condiments, sauces in 1978. In addition to spices, seasonings, condiments, sauces, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.