According to the U.S. Bureau of Labor Statistics, prices for veterinarian services are 32.73% higher in 2024 versus 2020 (a $6.55 difference in value).
Between 2020 and 2024: Veterinarian services experienced an average inflation rate of 7.34% per year. This rate of change indicates significant inflation. In other words, veterinarian services costing $20 in the year 2020 would cost $26.55 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for veterinarian services was higher.
In the year 2020: Pricing changed by 3.70%, which is significantly below the average yearly change for veterinarian services during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for veterinarian services was higher.
Below are calculations of equivalent buying power for Veterinarian services, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 3.70% |
| 2021 | $20.84 | 4.21% |
| 2022 | $22.68 | 8.83% |
| 2023 | $24.82 | 9.44% |
| 2024 | $26.55 | 6.94%* |
* 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 | 367.797 |