In June 2024, pet prices in the UK rose by 0.3% from May, with pet food prices up by 0.7% and a year-over-year decrease of 0.2%, according to John Gibbons of PetBusinessProfessor.com. Petflation increased to 2.0%, still 33% below the national rate but higher than January 2024’s +52%. Gibbons notes that pet product prices surged between 2021 and 2024, contributing to 104% of overall inflation since 2019 due to recovering from a deflationary period in 2021. The U.S. Consumer Price Index (CPI) increased by 0.03% from May, with a year-over-year increase of 3.0%, showing improvement compared to previous years.
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