According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 18.91% higher in 2018 versus 2008 (a $3.78 difference in value).
Between 2008 and 2018: Pets, pet products and services experienced an average inflation rate of 1.75% per year. In other words, pets, pet products and services costing $20 in the year 2008 would cost $23.78 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.53% during this same period, inflation for pets, pet products and services was higher.
In the year 2008: Pricing changed by 7.94%, which is significantly above the average yearly change for pets, pet products and services during the 2008-2018 time period. Compared to inflation for all items in 2008 (3.84%), inflation for pets, pet products and services was much 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 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|