Retail Channel Monthly $ Update – May Final & June Advance
Consumers are still spending more than in 2021 but they are buying less!
Author Archive for: johngibbons
Entries by John Gibbons
Petflation 2022 – June Update: Prices increase to +8.8% above 2021
Driven by Food & Supplies, Petflation continues to increase!
U.S. PET FOOD SPENDING $31.56B (↓$6.40B): MID-YEAR 2021 UPDATE
No binge buying in 2021 so a big drop vs 2020 but spending is still $1.5B ahead of the 1st half of 2019.
Tracking Pet Food Pricing – The PPI (Mfg) vs CPI (Retail)
Pet Food Production prices continue to rise so it is likely that Retail inflation will continue to grow.
Retail Channel Monthly $ Update – April Final & May Advance
Strong inflation continues. Retail Sales are up vs 2021 but the amount sold is usually down.
Petflation 2022 – May Update: Prices stay at +8.1% above 2021
Growing Pet Food inflation, in combination with a price drop in Veterinary, kept Petflation at +8.1% vs 2021.
2020 Veterinary Spending was $24.85B – Where did it come from…?
Pet Parents focused on needs which drove a widespread $3B increase in Veterinary spending!
2020 Pet Services Spending was $6.89B – Where did it come from…?
Non-Vet Pet Services, the most discretionary Pet Industry segment, was hit the hardest by the pandemic.
Retail Channel Monthly $ Update – March Final & April Advance
The reality of strong inflation is starting to “hit home” in Retail.
Petflation 2022 – April Update: +8.1%, 97.6% of National Inflation Rate
In April, Petflation almost reached the extraordinarily high National rate.