According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 71.08% higher in 2018 versus 1997.
Between 1997 and 2018: Pets, pet products and services experienced an average inflation rate of 2.59% 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 $34.22 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for pets, pet products and services was similar.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pets, pet products and services: