According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 28.69% higher in 2018 versus 2007 (a $5.74 difference in value).
Between 2007 and 2018: Pets, pet products and services experienced an average inflation rate of 2.32% 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 $25.74 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.76% 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 2007-2018 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|