According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 5.79% higher in 2018 versus 2012 (a $1.16 difference in value).
Between 2012 and 2018: Pets, pet products and services experienced an average inflation rate of 0.94% per year. In other words, pets, pet products and services costing $20 in the year 2012 would cost $21.16 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for pets, pet products and services was lower.
In the year 2012: Pricing changed by 2.29%, which is above the average yearly change for pets, pet products and services during the 2012-2018 time period. Compared to inflation for all items in 2012 (2.07%), 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 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|