Petflation 2025 – January Update: Stable at +2.0% vs Last Year

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Petflation was stable at 2.0%, 33% below the national CPI, but pet prices reached a record high!

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2023 Veterinary Spending was $35.66B – Where did it come from…?

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The 2022>2023 lift was the 3rd largest in history and +20% was almost triple the 1984>2022 average!

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2023 Pet Services Spending was $13.42B – Where did it come from…?

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Although the $1.05B 2023 lift was far below the record increases in 21 & 22, it was still the 4th largest in history!

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2023 Pet Supplies Spending was $23.02B – Where did it come from…?

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The $1.08B lift was small, but spending has now been up in 5 of the last 8 years – a big turnaround from being down in 5 of 6 years!

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Retail Channel $ Update – November Monthly & December Advance

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Retail Sales growth continued in 2024 but the rate was far below the 1992>2023 average!

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Petflation 2024 – December Update: Drops to +2.0% vs 2023

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Petflation fell to 2.0% in December and finished 2024 at 2.6%, 17% below the 1997>2023 average!

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2023 Pet Food Spending was $45.50B – Where did it come from…?

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The lift was a record $6.81B and +17.6% was triple the average 1984>2022 increase!

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2023 Pet Products Spending was $68.52B – Where did it come from…?

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Driven by a record lift in Food, Pet Products had the 2nd largest spending increase in history!

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Retail Channel $ Update – October Monthly & November Advance

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November was the 2nd largest Retail $ month in history but the YOY lifts slowed from October.

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