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.
Author Archive for: johngibbons
Entries by John Gibbons
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.
2020 Pet Supplies Spending was $15.16B – Where did it come from…?
The pandemic caused Pet Parents to focus on “needs” so Supplies $pending continued to fall.
2022 Retail Sales Revisited – The Impact of Runaway Inflation
The difference between reported sales and “real” (inflation adjusted) sales is stunning!
2020 Pet Food Spending was $36.84B – Where did it come from…?
Binge buying drove Food $ up but it also increased the spendng disparity between demographic segments!
Retail Channel Monthly $ Update – February Final & March Advance
The impact of Growing Strong Inflation begins to “hit home” in the Retail Market in March!
Petflation 2022 – March Update – Inflation Again Grows in All Segments
Driven by Veterinary and Food, Petflation surged to +7.5% vs 2021, getting ever closer to the huge National increase of +8.5%.