According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary were 46.91% higher in 2018 versus 2007 (a $9.38 difference in value).
Between 2007 and 2018: Pet services including veterinary experienced an average inflation rate of 3.56% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 2007 would cost $29.38 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.74% during this same period, inflation for pet services including veterinary was higher.
In the year 2007: Pricing changed by 5.90%, which is above the average yearly change for pet services including veterinary during the 2007-2018 time period. Compared to inflation for all items in 2007 (2.85%), inflation for pet services including veterinary was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pet services including veterinary:
Below are calculations of equivalent buying power for Pet services including veterinary, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|