Petflation 2022 – November Update: Prices increase to +12.0% above 2021
As the National inflation rate slows, Petflation continues to increase!
Author Archive for: johngibbons
Entries by John Gibbons
2021 U.S. Pet Spending by Generation – Gen X Moves to the Top!
Gen X was the best performer in every Pet Industry segment. They earned the top spot in Pet Spending!
2021 U.S. TOTAL PET SPENDING $99.98B…Up ↑$16.23B
Record increases from all segments but food produced a record $16.23B increase in Total Pet, which was demographically widespread.
2021 U.S. VETERINARY SERVICES SPENDING $32.67B…UP ↑$7.82B
A record $7.82B increase with 94% of all demographic segments spending more in 2021 than they did in 2020!
Retail Channel Monthly $ Update – September Final & October Advance
Retail Sales are up vs 2021 but the amount sold YTD vs 2021 is down again for most channels.
Petflation 2022 – October Update: Prices increase to +11.6% above 2021
Petflation is now 50% higher than the national rate for October and just passed the YTD rate!
2021 U.S. PET SERVICES SPENDING $9.10B…Up ↑$2.21B
A strong, widespread Pandemic recovery as 90% of demographic segments spent a record $2.2B more on Services!
2021 U.S. PET SUPPLIES SPENDING $23.81B…Up ↑$8.65B
Supplies Spending comes roaring back with the biggest, most demographically widespread lift in history.
Retail Channel Monthly $ Update – August Final & September Advance
Retail spending vs 2021 is still up but the amount of product sold is still down!
Petflation 2022 – September Update: Prices increase to +11.0% above 2021
Petflation is now 34.5% higher than the National Rate!