According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services are 25.26% higher in 2024 versus 2019 (a $5.05 difference in value).
Between 2019 and 2024: Pets, pet products and services experienced an average inflation rate of 4.61% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2019 would cost $25.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.15% during this same period, inflation for pets, pet products and services was higher.
In the year 2019: Pricing changed by 3.25%, which is below the average yearly change for pets, pet products and services during the 2019-2024 time period. Compared to inflation for all items in 2019 (1.81%), inflation for pets, pet products and services was higher.
Below are calculations of equivalent buying power for Pets, pet products and 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 |
|---|---|---|
| 2019 | $20.00 | 3.25% |
| 2020 | $20.24 | 1.19% |
| 2021 | $20.78 | 2.65% |
| 2022 | $22.63 | 8.95% |
| 2023 | $24.44 | 7.99% |
| 2024 | $25.05 | 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 |