According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 33.45% higher in 2018 versus 2006.
Between 2006 and 2018: Pets, pet products and services experienced an average inflation rate of 2.43% per year. This rate of change indicates significant inflation. In other words, pets, pet products and services costing $20 in the year 2006 would cost $26.69 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.80% during this same period, inflation for pets, pet products and services was similar.
In the year 2006: Pricing changed by 3.90%, above the average yearly change for pets, pet products and services during the 2006-2018 time period. Compared to inflation for all items in 2006 (3.23%), 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: