According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 38.44% higher in 2018 versus 2005.
Between 2005 and 2018: Pets, pet products and services experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2005 would cost $27.69 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.89% during this same period, inflation for pets, pet products and services was similar.
In the year 2005: Pricing changed by 2.86%, above the average yearly change for pets, pet products and services during the 2005-2018 time period. Compared to inflation for all items in 2005 (3.39%), 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: