SAN JOSE, CALIF. and WASHINGTON — Pet food prices both in-store and online continue to rise for consumers in the United States.
According to the US Bureau of Labor Statistics’ (BLS) Consumer Price Index report on April 12, the Consumer Price Index (CPI) for pet food products rose by an average of 1.6% month-over-month from February to March 2023. This reflects the largest seasonally adjusted CPI change since August 2022.
Prices of pet food products have risen 14.4% on average since March 2022.
The CPI for pets, pet supplies and accessories fell 0.3% from February to March 2023, but is still up 4.4% from March 2022. The CPI for all food products, according to the BLS, rose 0.1% from February to March 2023, but are up 8.5% year-over-year since March 2022.
Online pet product prices saw a year-over-year and month-over-month increases, according to the Adobe Digital Price Index. Year-over-year from March 2023, online pet product prices were up 11.16%. Online pet product prices rose 1.9% from February to March 2023.
Adobe also shared heightened online grocery prices, with a year-over-year increase of 10.29% from March 2022 and a month-over-month increase of 0.4% from February to March 2023. Grocery and pet products were the only two categories in Adobe’s Digital Price Index to post double-digit percentage price increases from March 2022 to March 2023.
While Adobe’s pet category includes the gamut of pet products — including but not limited to pet food — it’s clear consumers are still shopping under the thumb of inflation.
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