According to the U.S. Bureau of Labor Statistics, prices for veterinarian services were 16.88% higher in 2020 versus 2015 (a $3.38 difference in value).
Between 2015 and 2020: Veterinarian services experienced an average inflation rate of 3.17% per year. This rate of change indicates significant inflation. In other words, veterinarian services costing $20 in the year 2015 would cost $23.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.75% during this same period, inflation for veterinarian services was higher.
In the year 2015: Pricing changed by 3.76%, which is above the average yearly change for veterinarian services during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for veterinarian services was much 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|