Pet services including veterinary price inflation, 1997→2023

Pet Services Including Veterinary Inflation Calculator

Prices for Pet Services Including Veterinary, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary are 222.89% higher in 2023 versus 1997 (a $44.58 difference in value).

Between 1997 and 2023: Pet services including veterinary experienced an average inflation rate of 4.61% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 1997 would cost $64.58 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for pet services including veterinary was higher.

Price Inflation for Pet services including veterinary since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (8.72%), 2023 (8.29%), and 2000 (7.58%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Pet services including veterinary, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.48	2.40%
1999	$21.31	4.06%
2000	$22.93	7.58%
2001	$24.37	6.28%
2002	$25.65	5.25%
2003	$26.98	5.19%
2004	$28.46	5.48%
2005	$30.05	5.62%
2006	$31.29	4.13%
2007	$33.14	5.90%
2008	$35.19	6.18%
2009	$36.88	4.79%
2010	$38.15	3.46%
2011	$40.05	4.98%
2012	$41.27	3.05%
2013	$42.30	2.49%
2014	$43.64	3.18%
2015	$45.17	3.50%
2016	$46.76	3.50%
2017	$47.72	2.06%
2018	$48.94	2.57%
2019	$50.74	3.68%
2020	$52.47	3.41%
2021	$54.86	4.54%
2022	$59.64	8.72%
2023	$64.58	8.29%*

* 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 services including veterinary:

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
CPI	100.000	102.400	106.554	114.631	121.831	128.231	134.885	142.277	150.269	156.469	165.707	175.953	184.380	190.755	200.257	206.369	211.497	218.223	225.864	233.776	238.598	244.724	253.718	262.360	274.281	298.187	322.895

Adjust pet services including veterinary prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Pet services including veterinary was 100.000 in the year 1997 and 322.895 in 2023:

322.895 / 100.000 * $20 = $64.58

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $64.58 in 2023 (in the CPI category of Pet services including veterinary).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Pet services including veterinary in 1997. In addition to pet services including veterinary, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.