Pets, pet products and services price inflation, 1997→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%).

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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:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.30	1.48%
1999	$20.68	1.88%
2000	$21.22	2.64%
2001	$21.94	3.36%
2002	$22.65	3.24%
2003	$23.13	2.15%
2004	$24.03	3.87%
2005	$24.72	2.86%
2006	$25.68	3.90%
2007	$26.77	4.24%
2008	$28.89	7.94%
2009	$30.68	6.19%
2010	$30.87	0.62%
2011	$31.75	2.84%
2012	$32.47	2.29%
2013	$32.92	1.36%
2014	$33.14	0.68%
2015	$33.46	0.97%
2016	$33.93	1.39%
2017	$34.06	0.39%
2018	$34.48	1.25%
2019	$35.60	3.25%
2020	$36.03	1.19%
2021	$36.98	2.65%
2022	$40.29	8.95%
2023	$42.96	6.61%*

* 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:

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
CPI	100.000	101.477	103.385	106.115	109.677	113.231	115.662	120.138	123.577	128.400	133.841	144.472	153.416	154.362	158.739	162.374	164.576	165.697	167.307	169.631	170.286	172.416	178.021	180.143	184.921	201.470	214.789

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.