Petflation 2025 – February Update: Rose to +2.4% vs Last Year
National Inflation fell from 3.0% to 2.8%, but Petflation rose to 2.4% from 2.0%!
Author Archive for: johngibbons
Entries by John Gibbons
Attending GPE 2025? It is a showcase for New but has everything that you need! However, You Definitely Need a Plan!
If you focus on working the show floor and do nothing else, you can spend 1 minute and 8 seconds with each exhibitor. You need a plan!
Retail Channel $ Update – December Monthly & January Advance
The usual Dec>Jan $ drop but almost all channels were up vs Jan 24 and many lifts were larger than average!
GLOBAL PET EXPO 2025…PETS. – Where perspectives spark innovation!
As expected, everything that attendees need or want will be available at GPE 2025!
Petflation 2025 – January Update: Stable at +2.0% vs Last Year
Petflation was stable at 2.0%, 33% below the national CPI, but pet prices reached a record high!
2023 Veterinary Spending was $35.66B – Where did it come from…?
The 2022>2023 lift was the 3rd largest in history and +20% was almost triple the 1984>2022 average!
2023 Pet Services Spending was $13.42B – Where did it come from…?
Although the $1.05B 2023 lift was far below the record increases in 21 & 22, it was still the 4th largest in history!
2023 Pet Supplies Spending was $23.02B – Where did it come from…?
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!
Retail Channel $ Update – November Monthly & December Advance
Retail Sales growth continued in 2024 but the rate was far below the 1992>2023 average!
Petflation 2024 – December Update: Drops to +2.0% vs 2023
Petflation fell to 2.0% in December and finished 2024 at 2.6%, 17% below the 1997>2023 average!