According to the U.S. Bureau of Labor Statistics, prices for veterinarian services were 28.85% higher in 2020 versus 2012 (a $5.77 difference in value).
Between 2012 and 2020: Veterinarian services experienced an average inflation rate of 3.22% per year. This rate of change indicates significant inflation. In other words, veterinarian services costing $20 in the year 2012 would cost $25.77 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for veterinarian services was higher.
In the year 2012: Pricing changed by 2.90%, which is below the average yearly change for veterinarian services during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for veterinarian services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Veterinarian services:
Below are calculations of equivalent buying power for Veterinarian services, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|