According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary are 242.66% higher in 2024 versus 1997 (a $48.53 difference in value).
Between 1997 and 2024: Pet services including veterinary experienced an average inflation rate of 4.67% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 1997 would cost $68.53 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for pet services including veterinary was higher.
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 | $64.89 | 8.81% |
| 2024 | $68.53 | 5.61%* |
* 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 | 2024 |
| 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 | 324.457 | 342.665 |