According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 7.77% higher in 2018 versus 2011.
Between 2011 and 2018: Pets, pet products and services experienced an average inflation rate of 1.08% per year. In other words, pets, pet products and services costing $20 in the year 2011 would cost $21.55 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for pets, pet products and services was lower.
In the year 2011: Pricing changed by 2.84%, above the average yearly change for pets, pet products and services during the 2011-2018 time period. Compared to inflation for all items in 2011 (3.16%), 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: