According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 61.22% higher in 2018 versus 2000.
Between 2000 and 2018: Pets, pet products and services experienced an average inflation rate of 2.69% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2000 would cost $32.24 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for pets, pet products and services was similar.
In the year 2000: Pricing changed by 2.64%, below the average yearly change for pets, pet products and services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), price inflation for pets, pet products and services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pets, pet products and services: