Purchase of pets, pet supplies, accessories priced at $20 in 2002 $25.26 in 2024

Purchase Of Pets, Pet Supplies, Accessories Inflation Calculator

$

Prices for Purchase Of Pets, Pet Supplies, Accessories, 2002-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for purchase of pets, pet supplies, accessories are 26.32% higher in 2024 versus 2002 (a $5.26 difference in value).

Between 2002 and 2024: Purchase of pets, pet supplies, accessories experienced an average inflation rate of 1.07% per year. In other words, purchase of pets, pet supplies, accessories costing $20 in the year 2002 would cost $25.26 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for purchase of pets, pet supplies, accessories was lower.

In the year 2002: Pricing changed by 2.26%, which is above the average yearly change for purchase of pets, pet supplies, accessories during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for purchase of pets, pet supplies, accessories was higher.

Price Inflation for Purchase of pets, pet supplies, accessories since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.72%), 2009 (3.23%), and 2005 (3.20%).

View price changes for other categories
Wine at home · Frankfurters · Electricity · Educational books and supplies · More

Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Purchase of pets, pet supplies, accessories, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20.002.26%
2003$20.100.51%
2004$20.190.44%
2005$20.843.20%
2006$21.282.11%
2007$21.742.19%
2008$22.413.06%
2009$23.133.23%
2010$22.74-1.67%
2011$22.750.05%
2012$22.69-0.27%
2013$22.21-2.11%
2014$21.98-1.06%
2015$21.990.05%
2016$22.000.07%
2017$21.91-0.41%
2018$22.131.00%
2019$22.762.83%
2020$22.37-1.70%
2021$22.661.31%
2022$24.417.72%
2023$25.062.63%
2024$25.260.83%*

* 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 Purchase of pets, pet supplies, accessories:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.115100.169100.454101.100103.385103.915104.377107.715109.985112.393115.829119.564117.565117.625117.303114.829113.606113.660113.737113.275114.405117.645115.644117.157126.200129.522130.599

Adjust purchase of pets, pet supplies, accessories prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Purchase of pets, pet supplies, accessories was 103.385 in the year 2002 and 130.599 in 2024:

130.599 / 103.385 * $20 = $25.26

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $25.26 in 2024 (in the CPI category of Purchase of pets, pet supplies, accessories).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Purchase of pets, pet supplies, accessories in 1997. In addition to purchase of pets, pet supplies, accessories, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.