According to the U.S. Bureau of Labor Statistics, prices for pet food are 26.84% higher in 2024 versus 2018 (a $5.37 difference in value).
Between 2018 and 2024: Pet food experienced an average inflation rate of 4.04% per year. This rate of change indicates significant inflation. In other words, pet food costing $20 in the year 2018 would cost $25.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for pet food was higher.
In the year 2018: Pricing changed by -0.02%, which is significantly below the average yearly change for pet food during the 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), inflation for pet food was lower.
Below are calculations of equivalent buying power for Pet food, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2018 | $20.00 | -0.02% |
| 2019 | $20.58 | 2.88% |
| 2020 | $20.60 | 0.10% |
| 2021 | $20.74 | 0.71% |
| 2022 | $22.87 | 10.24% |
| 2023 | $25.29 | 10.60% |
| 2024 | $25.37 | 0.31%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pet food:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 101.477 | 102.385 | 102.338 | 104.300 | 106.000 | 106.731 | 110.323 | 110.723 | 115.531 | 119.400 | 132.625 | 143.853 | 143.312 | 146.442 | 150.549 | 154.071 | 153.608 | 152.028 | 152.325 | 150.650 | 150.621 | 154.965 | 155.126 | 156.225 | 172.218 | 190.465 | 191.050 |