According to the U.S. Bureau of Labor Statistics, prices for pet services were 19.33% higher in 2020 versus 2012 (a $3.87 difference in value).
Between 2012 and 2020: Pet services experienced an average inflation rate of 2.23% per year. This rate of change indicates significant inflation. In other words, pet services costing $20 in the year 2012 would cost $23.87 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for pet services was higher.
In the year 2012: Pricing changed by 2.75%, which is above the average yearly change for pet services during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for pet services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pet services:
Below are calculations of equivalent buying power for Pet services, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|