Pet services price inflation, 1997→2023

Pet Services Inflation Calculator

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

According to the U.S. Bureau of Labor Statistics, prices for pet services are 137.01% higher in 2023 versus 1997 (a $27.40 difference in value).

Between 1997 and 2023: Pet services experienced an average inflation rate of 3.37% per year. This rate of change indicates significant inflation. In other words, pet services costing $20 in the year 1997 would cost $47.40 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for pet services was higher.

Price Inflation for Pet services since 1997

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

Years with the largest changes in pricing: 2022 (6.29%), 2023 (5.92%), and 2008 (5.70%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Pet services, 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	$20.60	2.99%
1999	$20.96	1.74%
2000	$21.78	3.91%
2001	$22.51	3.37%
2002	$23.13	2.76%
2003	$24.07	4.04%
2004	$24.98	3.77%
2005	$26.20	4.92%
2006	$27.22	3.90%
2007	$28.47	4.58%
2008	$30.10	5.70%
2009	$31.27	3.89%
2010	$31.55	0.89%
2011	$32.75	3.82%
2012	$33.65	2.75%
2013	$34.37	2.15%
2014	$35.36	2.88%
2015	$36.22	2.43%
2016	$36.96	2.03%
2017	$37.35	1.06%
2018	$38.26	2.44%
2019	$39.20	2.45%
2020	$40.16	2.44%
2021	$42.10	4.86%
2022	$44.75	6.29%
2023	$47.40	5.92%*

* 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:

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	102.992	104.785	108.885	112.554	115.662	120.338	124.877	131.015	136.123	142.361	150.475	156.334	157.729	163.755	168.254	171.871	176.823	181.112	184.787	186.744	191.304	195.989	200.777	210.525	223.758	237.007

Adjust pet services 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 was 100.000 in the year 1997 and 237.007 in 2023:

237.007 / 100.000 * $20 = $47.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $47.40 in 2023 (in the CPI category of Pet services).

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