Petflation 2023 – January Update: Price increase slows to +10.6% vs 2022
Petflation slowed slightly from December but remains at a record rate!
Author Archive for: johngibbons
Entries by John Gibbons
2021 Veterinary Spending was $32.67B – Where did it come from…?
A record increase as Pet Health continues as the top priority. Veterinary $ are now up $10.9B from 2019!
2021 Pet Services Spending was $9.10B – Where did it come from…?
A record rebound from the Pandemic that was widespread – 90% of 96 demographic segments spent more!
2021 Pet Supplies Spending was $23.81B – Where did it come from…?
A record increase, actually larger than Supplies’ annual spending for all years prior to 2003!
Retail Channel Monthly $ Update – November Final & December Advance
Yes, Consumers spent more at Retail in 2022 than in 2021 but they bought less – Inflation!
Petflation 2022 – December Update: Price increase slows to +10.9% vs 2021
Pet Food has the highest rate but all other segments and Total Pet set annual inflation records!
2021 Pet Food Spending was $34.41B – Where did it come from…?
No Binge in 2021 so $pending was down $2.44B, but 65% of demographic segments spent more on Food.
2021 Total Pet Spending was $99.98B – Where did it come from…?
A record $16.23B increase but not without turmoil!
Retail Channel Monthly $ Update – October Final & November Advance
Sales are up again but the amount sold YTD vs 2021 continues to be down for most channels!
Petflation 2022 – November Update: Prices increase to +12.0% above 2021
As the National inflation rate slows, Petflation continues to increase!