Purchase of pets, pet supplies, accessories price inflation, 1997→2023

Purchase Of Pets, Pet Supplies, Accessories Inflation Calculator

Prices for Purchase Of Pets, Pet Supplies, Accessories, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for purchase of pets, pet supplies, accessories are 29.71% higher in 2023 versus 1997 (a $5.94 difference in value).

Between 1997 and 2023: Purchase of pets, pet supplies, accessories experienced an average inflation rate of 1.01% per year. In other words, purchase of pets, pet supplies, accessories costing $20 in the year 1997 would cost $25.94 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for purchase of pets, pet supplies, accessories was lower.

Price Inflation for Purchase of pets, pet supplies, accessories since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (7.72%), 2009 (3.23%), and 2005 (3.20%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Purchase of pets, pet supplies, accessories, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.02	0.12%
1999	$20.03	0.05%
2000	$20.09	0.28%
2001	$20.22	0.64%
2002	$20.68	2.26%
2003	$20.78	0.51%
2004	$20.88	0.44%
2005	$21.54	3.20%
2006	$22.00	2.11%
2007	$22.48	2.19%
2008	$23.17	3.06%
2009	$23.91	3.23%
2010	$23.51	-1.67%
2011	$23.52	0.05%
2012	$23.46	-0.27%
2013	$22.97	-2.11%
2014	$22.72	-1.06%
2015	$22.73	0.05%
2016	$22.75	0.07%
2017	$22.66	-0.41%
2018	$22.88	1.00%
2019	$23.53	2.83%
2020	$23.13	-1.70%
2021	$23.43	1.31%
2022	$25.24	7.72%
2023	$25.94	2.78%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Purchase of pets, pet supplies, accessories:

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	100.000	100.115	100.169	100.454	101.100	103.385	103.915	104.377	107.715	109.985	112.393	115.829	119.564	117.565	117.625	117.303	114.829	113.606	113.660	113.737	113.275	114.405	117.645	115.644	117.157	126.200	129.707

Adjust purchase of pets, pet supplies, accessories prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Purchase of pets, pet supplies, accessories was 100.000 in the year 1997 and 129.707 in 2023:

129.707 / 100.000 * $20 = $25.94

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $25.94 in 2023 (in the CPI category of Purchase of pets, pet supplies, accessories).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Purchase of pets, pet supplies, accessories in 1997. In addition to purchase of pets, pet supplies, accessories, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.