According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 31.19% higher in 2019 versus 2007 (a $6.24 difference in value).
Between 2007 and 2019: Pets, pet products and services experienced an average inflation rate of 2.29% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2007 would cost $26.24 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.65% during this same period, inflation for pets, pet products and services was higher.
In the year 2007: Pricing changed by 4.23%, which is above the average yearly change for pets, pet products and services during the 2007-2019 time period. Compared to inflation for all items in 2007 (2.85%), inflation for pets, pet products and services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pets, pet products and services:
Below are calculations of equivalent buying power for Pets, pet products and services, 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|