According to the U.S. Bureau of Labor Statistics, prices for pet services were 94.69% higher in 2020 versus 1998 (a $18.94 difference in value).
Between 1998 and 2020: Pet services experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, pet services costing $20 in the year 1998 would cost $38.94 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for pet services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pet services:
| Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| CPI | 102.992 | 104.792 | 108.892 | 112.550 | 115.658 | 120.342 | 124.875 | 131.017 | 136.125 | 142.361 | 150.475 | 156.334 | 157.729 | 163.755 | 168.254 | 171.871 | 176.823 | 181.112 | 184.787 | 186.744 | 191.304 | 195.977 | 200.517 |
Below are calculations of equivalent buying power for Pet services, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | - |
| 1999 | $20.35 | 1.75% |
| 2000 | $21.15 | 3.91% |
| 2001 | $21.86 | 3.36% |
| 2002 | $22.46 | 2.76% |
| 2003 | $23.37 | 4.05% |
| 2004 | $24.25 | 3.77% |
| 2005 | $25.44 | 4.92% |
| 2006 | $26.43 | 3.90% |
| 2007 | $27.65 | 4.58% |
| 2008 | $29.22 | 5.70% |
| 2009 | $30.36 | 3.89% |
| 2010 | $30.63 | 0.89% |
| 2011 | $31.80 | 3.82% |
| 2012 | $32.67 | 2.75% |
| 2013 | $33.38 | 2.15% |
| 2014 | $34.34 | 2.88% |
| 2015 | $35.17 | 2.43% |
| 2016 | $35.88 | 2.03% |
| 2017 | $36.26 | 1.06% |
| 2018 | $37.15 | 2.44% |
| 2019 | $38.06 | 2.44% |
| 2020 | $38.94 | 2.32%* |