According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary were 6.23% higher in 2020 versus 2018 (a $1.25 difference in value).
Between 2018 and 2020: Pet services including veterinary experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 2018 would cost $21.25 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.46% during this same period, inflation for pet services including veterinary was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pet services including veterinary:
Below are calculations of equivalent buying power for Pet services including veterinary, 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|