Pets, pet products and services priced at $20 in 2003 $29.71 in 2018

Historical Price Inflation for Pets, pet products and services

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Prices for Pets, Pet Products And Services, 2003-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 48.54% higher in 2018 versus 2003 (a $9.71 difference in value).

Between 2003 and 2018: Pets, pet products and services experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2003 would cost $29.71 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for pets, pet products and services was higher.

In the year 2003: Pricing changed by 2.14%, which is below the average yearly change for pets, pet products and services during the 2003-2018 time period. Compared to inflation for all items in 2003 (2.27%), inflation for pets, pet products and services was lower.

Price Inflation for Pets, pet products and services since 1999

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (7.94%), 2009 (6.19%), and 2007 (4.23%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pets, pet products and services:

Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 103.367 106.117 109.675 113.225 115.650 120.108 123.567 128.408 133.840 144.471 153.415 154.364 158.742 162.376 164.576 165.697 167.307 169.630 170.285 171.786

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Buying power of $20 since 2003

Below are calculations of equivalent buying power for Pets, pet products and services, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2003 $20.00 2.14%
2004 $20.77 3.86%
2005 $21.37 2.88%
2006 $22.21 3.92%
2007 $23.15 4.23%
2008 $24.98 7.94%
2009 $26.53 6.19%
2010 $26.70 0.62%
2011 $27.45 2.84%
2012 $28.08 2.29%
2013 $28.46 1.35%
2014 $28.65 0.68%
2015 $28.93 0.97%
2016 $29.34 1.39%
2017 $29.45 0.39%
2018 $29.71 0.88%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for pets, pet products and services, 2003-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Pets, pet products and services was 115.650 in the year 2003 and 171.786 in 2018:

171.786 / 115.650 * $20 = $29.71

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $29.71 in 2018 (in the CPI category of Pets, pet products and services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Pets, pet products and services in 1999. In addition to pets, pet products and services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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