According to the U.S. Bureau of Labor Statistics, prices for pets and pet products are 67.70% higher in 2024 versus 1998 (a $13.54 difference in value).
Between 1998 and 2024: Pets and pet products experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, pets and pet products costing $20 in the year 1998 would cost $33.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for pets and pet products was lower.
In the year 1998: Pricing changed by 0.53%, which is below the average yearly change for pets and pet products during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for pets and pet products was lower.
Below are calculations of equivalent buying power for Pets and pet products, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 0.53% |
| 1999 | $20.14 | 0.69% |
| 2000 | $20.11 | -0.12% |
| 2001 | $20.44 | 1.64% |
| 2002 | $20.86 | 2.05% |
| 2003 | $20.95 | 0.41% |
| 2004 | $21.53 | 2.80% |
| 2005 | $21.72 | 0.88% |
| 2006 | $22.54 | 3.74% |
| 2007 | $23.22 | 3.04% |
| 2008 | $25.35 | 9.19% |
| 2009 | $27.17 | 7.15% |
| 2010 | $26.88 | -1.04% |
| 2011 | $27.31 | 1.60% |
| 2012 | $27.82 | 1.84% |
| 2013 | $28.01 | 0.69% |
| 2014 | $27.78 | -0.79% |
| 2015 | $27.63 | -0.56% |
| 2016 | $27.65 | 0.08% |
| 2017 | $27.47 | -0.66% |
| 2018 | $27.58 | 0.40% |
| 2019 | $28.39 | 2.96% |
| 2020 | $28.22 | -0.60% |
| 2021 | $28.51 | 1.00% |
| 2022 | $31.13 | 9.18% |
| 2023 | $33.44 | 7.44% |
| 2024 | $33.54 | 0.29%* |
* 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 and pet products:
| Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 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 | 68.100 | 69.377 | 74.654 | 83.262 | 91.900 | 96.769 | 99.962 | 103.277 | 106.377 | 108.662 | 110.977 | 114.469 | 120.700 | 124.562 | 129.054 | 128.085 | 128.808 | 130.931 | 132.269 | 139.015 | 142.715 | 143.469 | 144.462 | 144.285 | 146.654 | 149.654 | 150.262 | 154.469 | 155.831 | 161.662 | 166.578 | 181.882 | 194.891 | 192.855 | 195.934 | 199.536 | 200.906 | 199.313 | 198.205 | 198.360 | 197.045 | 197.834 | 203.688 | 202.470 | 204.504 | 223.278 | 239.897 | 240.596 |