Purchase of pets, pet supplies, accessories price inflation, 2019→2024

Purchase Of Pets, Pet Supplies, Accessories Inflation Calculator

Prices for Purchase Of Pets, Pet Supplies, Accessories, 2019-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for purchase of pets, pet supplies, accessories are 11.07% higher in 2024 versus 2019 (a $2.21 difference in value).

Between 2019 and 2024: Purchase of pets, pet supplies, accessories experienced an average inflation rate of 2.12% per year. This rate of change indicates significant inflation. In other words, purchase of pets, pet supplies, accessories costing $20 in the year 2019 would cost $22.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.16% during this same period, inflation for purchase of pets, pet supplies, accessories was lower.

In the year 2019: Pricing changed by 2.83%, which is above the average yearly change for purchase of pets, pet supplies, accessories during the 2019-2024 time period. Compared to inflation for all items in 2019 (1.81%), 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%).

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Buying power of $20.00 since 2019

Below are calculations of equivalent buying power for Purchase of pets, pet supplies, accessories, 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	2.83%
2020	$19.66	-1.70%
2021	$19.92	1.31%
2022	$21.45	7.72%
2023	$22.02	2.63%
2024	$22.21	0.88%*

* 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:

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	100.115	100.169	100.454	101.100	103.385	103.915	104.377	107.715	109.985	112.393	115.829	119.564	117.565	117.625	117.303	114.829	113.606	113.660	113.737	113.275	114.405	117.645	115.644	117.157	126.200	129.522	130.662

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2019 * 2019 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Purchase of pets, pet supplies, accessories was 117.645 in the year 2019 and 130.662 in 2024:

130.662 / 117.645 * $20 = $22.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $22.21 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.