According to the U.S. Bureau of Labor Statistics, prices for veterinarian services are 154.75% higher in 2024 versus 2004 (a $30.95 difference in value).
Between 2004 and 2024: Veterinarian services experienced an average inflation rate of 4.79% per year. This rate of change indicates significant inflation. In other words, veterinarian services costing $20 in the year 2004 would cost $50.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for veterinarian services was higher.
In the year 2004: Pricing changed by 6.03%, which is above the average yearly change for veterinarian services during the 2004-2024 time period. Compared to inflation for all items in 2004 (2.68%), inflation for veterinarian services was much higher.
Below are calculations of equivalent buying power for Veterinarian services, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2004 | $20.00 | 6.03% |
2005 | $21.20 | 6.02% |
2006 | $22.13 | 4.38% |
2007 | $23.55 | 6.40% |
2008 | $25.07 | 6.46% |
2009 | $26.43 | 5.43% |
2010 | $27.42 | 3.74% |
2011 | $28.78 | 4.97% |
2012 | $29.61 | 2.89% |
2013 | $30.39 | 2.62% |
2014 | $31.46 | 3.53% |
2015 | $32.65 | 3.76% |
2016 | $33.84 | 3.65% |
2017 | $34.59 | 2.20% |
2018 | $35.47 | 2.55% |
2019 | $36.94 | 4.14% |
2020 | $38.30 | 3.70% |
2021 | $39.92 | 4.21% |
2022 | $43.44 | 8.83% |
2023 | $47.54 | 9.44% |
2024 | $50.95 | 7.17%* |
* 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 Veterinarian services:
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 | 102.485 | 106.762 | 114.908 | 122.738 | 129.631 | 136.454 | 144.685 | 153.392 | 160.115 | 170.356 | 181.355 | 191.211 | 198.359 | 208.210 | 214.238 | 219.859 | 227.624 | 236.187 | 244.808 | 250.203 | 256.594 | 267.213 | 277.093 | 288.769 | 314.272 | 343.929 | 368.589 |