Petflation 2024 – May Update: Slows to +1.6% vs 2023
Petflation slows as the Product segments deflate while prices in the Service segments reach record highs.
Author Archive for: johngibbons
Entries by John Gibbons
U.S. PET FOOD SPENDING $40.86B (↑$4.51B): MID-YEAR 2023 UPDATE
A strong 12.4% lift in $, but considering 14.1% inflation, it was really a -1.7% drop!
Retail Channel $ Update – March Monthly & April Advance
Inflation is slowing and prices are deflating in 7 channels. However, it’s cumulative impact is still there with a reduction in YOY growth!
Petflation 2024 – April Update: Drops to +1.7% vs 2023
At 1.7%, Petflation is now 50% below the CPI. In January, it was +52% but prices are still 26% higher than in 2019!
The Retail Market – Evolution 1992 > 2023
Internet sales are 35 times more than 1992 and now have the biggest share of Relevant Retail $!
Retail Channel $ Update – February Monthly & March Advance
As expected, sales grew in March but the lift was far below average. The recovery is definitely slowing!
Petflation 2024 – March Update: Turns up to +3.8% vs 2023
March Total Petflation rose to 3.8% from 3.5% in February but YTD it slowed to 4.0% from 4.1%.
Retail Sales – The Path from 2019 to 2023
Retail has largely recovered from the Pandemic, but the price surge recovery is still ongoing.
Retail Channel Monthly $ Update – January Final & February Advance
With only the 2nd Jan>Feb sales lift in 30 years, Total Retail continues its slow recovery!
Petflation 2024 – February Update: Drops to +3.5% vs 2023
The National YOY CPI rose from 3.1% to 3.2% but Total Petflation fell from 4.7% in January to 3.5% in February.