Pet food price inflation, 1997→2024

Pet Food Inflation Calculator

Prices for Pet Food, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for pet food are 91.05% higher in 2024 versus 1997 (a $18.21 difference in value).

Between 1997 and 2024: Pet food experienced an average inflation rate of 2.43% per year. This rate of change indicates significant inflation. In other words, pet food costing $20 in the year 1997 would cost $38.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for pet food was lower.

Price Inflation for Pet food since 1997

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

Years with the largest changes in pricing: 2008 (11.08%), 2023 (10.60%), and 2022 (10.24%).

View price changes for other categories
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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Pet food, 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	$20.30	1.48%
1999	$20.48	0.89%
2000	$20.47	-0.05%
2001	$20.86	1.92%
2002	$21.20	1.63%
2003	$21.35	0.69%
2004	$22.06	3.37%
2005	$22.14	0.36%
2006	$23.11	4.34%
2007	$23.88	3.35%
2008	$26.52	11.08%
2009	$28.77	8.47%
2010	$28.66	-0.38%
2011	$29.29	2.18%
2012	$30.11	2.80%
2013	$30.81	2.34%
2014	$30.72	-0.30%
2015	$30.41	-1.03%
2016	$30.46	0.20%
2017	$30.13	-1.10%
2018	$30.12	-0.02%
2019	$30.99	2.88%
2020	$31.03	0.10%
2021	$31.24	0.71%
2022	$34.44	10.24%
2023	$38.09	10.60%
2024	$38.21	0.31%*

* 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 Pet food:

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	2024
CPI	100.000	101.477	102.385	102.338	104.300	106.000	106.731	110.323	110.723	115.531	119.400	132.625	143.853	143.312	146.442	150.549	154.071	153.608	152.028	152.325	150.650	150.621	154.965	155.126	156.225	172.218	190.465	191.050

Adjust pet food prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Pet food was 100.000 in the year 1997 and 191.050 in 2024:

191.050 / 100.000 * $20 = $38.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $38.21 in 2024 (in the CPI category of Pet food).

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