According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 47.91% higher in 2018 versus 2003.
Between 2003 and 2018: Pets, pet products and services experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2003 would cost $29.58 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.05% during this same period, inflation for pets, pet products and services was similar.
In the year 2003: Pricing changed by 2.15%, below the average yearly change for pets, pet products and services during the 2003-2018 time period. Compared to inflation for all items in 2003 (2.27%), 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: