Source: Pet Business Professor
Petflation slowed in May 2026, but pet-related prices remain historically high and continue to affect consumer spending patterns. Overall pet inflation declined from 3.8% in April to 3.2% in May, while the broader U.S. Consumer Price Index rose 4.2% year-over-year. Veterinary Services remain a major contributor to pet inflation, with prices up 4.9% from a year ago and 54.6% higher than in 2019. Pet Services inflation reached 7.0%, the highest among pet categories.
Although Pet Food inflation eased to 1.8% and Pet Supplies inflation dropped to 0.1%, cumulative increases remain significant. Since 2019, total pet prices have risen 32.4%, while Veterinary costs have increased 54.6%. The report notes that inflation is cumulative, meaning consumers continue to feel the effects of years of rising prices. As a result, Veterinary visits may become less frequent, pet owners may seek lower-cost food options, and online purchasing and private-label products are expected to continue gaining popularity.