Feb 16, 2024

Report: ‘Petflation’ Outpacing National Inflation Rate

Despite an overall slowdown in inflation in January, Petflation (inflation in the pet industry) remains strong, with a rate of +4.7 percent, 51.6 percent above the national inflation rate of +3.1 percent. Petflation has been on the rise since 2022, reaching its peak in January 2023, and continues to exert influence on consumer pet spending, […]