According to the U.S. Bureau of Labor Statistics, prices for pets and pet products were 3.01% higher in 2020 versus 2018 (a $0.60 difference in value).
Between 2018 and 2020: Pets and pet products experienced an average inflation rate of 1.49% per year. In other words, pets and pet products costing $20 in the year 2018 would cost $20.60 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% 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|