According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services are 54.35% higher in 2024 versus 2008 (a $10.87 difference in value).
Between 2008 and 2024: Pets, pet products and services experienced an average inflation rate of 2.75% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2008 would cost $30.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.37% during this same period, inflation for pets, pet products and services was higher.
In the year 2008: Pricing changed by 7.94%, which is significantly above the average yearly change for pets, pet products and services during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), inflation for pets, pet products and services was much higher.
Below are calculations of equivalent buying power for Pets, pet products and services, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2008 | $20.00 | 7.94% |
| 2009 | $21.24 | 6.19% |
| 2010 | $21.37 | 0.62% |
| 2011 | $21.98 | 2.84% |
| 2012 | $22.48 | 2.29% |
| 2013 | $22.78 | 1.36% |
| 2014 | $22.94 | 0.68% |
| 2015 | $23.16 | 0.97% |
| 2016 | $23.48 | 1.39% |
| 2017 | $23.57 | 0.39% |
| 2018 | $23.87 | 1.25% |
| 2019 | $24.64 | 3.25% |
| 2020 | $24.94 | 1.19% |
| 2021 | $25.60 | 2.65% |
| 2022 | $27.89 | 8.95% |
| 2023 | $30.12 | 7.99% |
| 2024 | $30.87 | 2.49%* |
* 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 Pets, pet products and 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 | 101.477 | 103.385 | 106.115 | 109.677 | 113.231 | 115.662 | 120.138 | 123.577 | 128.400 | 133.841 | 144.472 | 153.416 | 154.362 | 158.739 | 162.374 | 164.576 | 165.697 | 167.307 | 169.631 | 170.286 | 172.416 | 178.021 | 180.143 | 184.921 | 201.470 | 217.576 | 222.986 |