According to the U.S. Bureau of Labor Statistics, prices for pets and pet products were 2.96% higher in 2019 versus 2018 (a $0.59 difference in value).
Between 2018 and 2019: Pets and pet products experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, pets and pet products costing $20 in the year 2018 would cost $20.59 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for pets and pet products was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pets and pet products:
Below are calculations of equivalent buying power for Pets and pet products, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|