According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary were 4.54% higher in 2018 versus 2016 (a $0.91 difference in value).
Between 2016 and 2018: Pet services including veterinary experienced an average inflation rate of 2.25% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 2016 would cost $20.91 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.28% during this same period, inflation for pet services including veterinary was lower.
In the year 2016: Pricing changed by 3.50%, which is above the average yearly change for pet services including veterinary during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|