According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 55.99% higher in 2018 versus 2001.
Between 2001 and 2018: Pets, pet products and services experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2001 would cost $31.20 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.03% during this same period, inflation for pets, pet products and services was similar.
In the year 2001: Pricing changed by 3.36%, above the average yearly change for pets, pet products and services during the 2001-2018 time period. Compared to inflation for all items in 2001 (2.83%), price inflation for pets, pet products and services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Pets, pet products and services: