According to the U.S. Bureau of Labor Statistics, prices for pet services including veterinary are 46.85% higher in 2024 versus 2016 (a $9.37 difference in value).
Between 2016 and 2024: Pet services including veterinary experienced an average inflation rate of 4.92% per year. This rate of change indicates significant inflation. In other words, pet services including veterinary costing $20 in the year 2016 would cost $29.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for pet services including veterinary was higher.
In the year 2016: Pricing changed by 3.50%, which is below the average yearly change for pet services including veterinary during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 3.50% |
| 2017 | $20.41 | 2.06% |
| 2018 | $20.94 | 2.57% |
| 2019 | $21.71 | 3.68% |
| 2020 | $22.45 | 3.41% |
| 2021 | $23.47 | 4.54% |
| 2022 | $25.51 | 8.72% |
| 2023 | $27.76 | 8.81% |
| 2024 | $29.37 | 5.81%* |
* 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 | 343.304 |