According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary were 11.55% higher in 2018 versus 2014 (a $2.31 difference in value).
Between 2014 and 2018: Pet services including veterinary experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 2014 would cost $22.31 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.43% during this same period, inflation for pet services including veterinary was higher.
In the year 2014: Pricing changed by 3.18%, which is above the average yearly change for pet services including veterinary during the 2014-2018 time period. Compared to inflation for all items in 2014 (1.62%), inflation for pet services including veterinary was 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|