According to the U.S. Bureau of Labor Statistics, prices for pet services were 13.55% higher in 2020 versus 2014 (a $2.71 difference in value).
Between 2014 and 2020: Pet services experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, pet services costing $20 in the year 2014 would cost $22.71 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for pet services was higher.
In the year 2014: Pricing changed by 2.88%, which is above the average yearly change for pet services during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|