Pets, pet products and services priced at $20 in 1997 $42.96 in 2023

Pets, Pet Products And Services Inflation Calculator

$

Prices for Pets, Pet Products And Services, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services are 114.79% higher in 2023 versus 1997 (a $22.96 difference in value).

Between 1997 and 2023: Pets, pet products and services experienced an average inflation rate of 2.98% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 1997 would cost $42.96 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for pets, pet products and services was higher.

Price Inflation for Pets, pet products and services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (8.95%), 2008 (7.94%), and 2023 (6.61%).

View price changes for other categories
Financial services · Wireless telephone services · Boston, Massachusetts · Gasoline (all types) · More

Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Pets, pet products and services, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.301.48%
1999$20.681.88%
2000$21.222.64%
2001$21.943.36%
2002$22.653.24%
2003$23.132.15%
2004$24.033.87%
2005$24.722.86%
2006$25.683.90%
2007$26.774.24%
2008$28.897.94%
2009$30.686.19%
2010$30.870.62%
2011$31.752.84%
2012$32.472.29%
2013$32.921.36%
2014$33.140.68%
2015$33.460.97%
2016$33.931.39%
2017$34.060.39%
2018$34.481.25%
2019$35.603.25%
2020$36.031.19%
2021$36.982.65%
2022$40.298.95%
2023$42.966.61%*

* 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 Pets, pet products and services:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000101.477103.385106.115109.677113.231115.662120.138123.577128.400133.841144.472153.416154.362158.739162.374164.576165.697167.307169.631170.286172.416178.021180.143184.921201.470214.789

Adjust pets, pet products and services prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Pets, pet products and services was 100.000 in the year 1997 and 214.789 in 2023:

214.789 / 100.000 * $20 = $42.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $42.96 in 2023 (in the CPI category of Pets, pet products and services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Pets, pet products and services in 1997. In addition to pets, pet products and services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.