According to the U.S. Bureau of Labor Statistics, prices for pet services were 2.16% higher in 2020 versus 2019 (a $0.43 difference in value).
Between 2019 and 2020: Pet services experienced an average inflation rate of 2.16% per year. This rate of change indicates significant inflation. In other words, pet services costing $20 in the year 2019 would cost $20.43 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.93% during this same period, inflation for pet services was higher.
In the year 2019: Pricing changed by 2.44%, which is above the average yearly change for pet services during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|