According to the U.S. Bureau of Labor Statistics, prices for pet services are 19.90% higher in 2024 versus 2021 (a $3.98 difference in value).
Between 2021 and 2024: Pet services experienced an average inflation rate of 6.24% per year. This rate of change indicates significant inflation. In other words, pet services costing $20 in the year 2021 would cost $23.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.98% during this same period, inflation for pet services was higher.
In the year 2021: Pricing changed by 4.86%, which is below the average yearly change for pet services during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for pet services was higher.
Below are calculations of equivalent buying power for Pet services, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2021 | $20.00 | 4.86% |
| 2022 | $21.26 | 6.29% |
| 2023 | $22.46 | 5.67% |
| 2024 | $23.98 | 6.76%* |
* 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 | 2024 |
| 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 | 236.445 | 252.420 |