According to the U.S. Bureau of Labor Statistics, prices for pets, pet products and services were 3.25% higher in 2018 versus 2014.
Between 2014 and 2018: Pets, pet products and services experienced an average inflation rate of 0.80% per year. In other words, pets, pet products and services costing $20 in the year 2014 would cost $20.65 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.30% during this same period, inflation for pets, pet products and services was lower.
In the year 2014: Pricing changed by 0.68%, below the average yearly change for pets, pet products and services during the 2014-2018 time period. Compared to inflation for all items in 2014 (1.62%), 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: