Price of pet products increased by 5.6% in a year in the US
The Adobe Digital Price Index concludes that prices have been steadily rising for the last 10 months, especially in the online channel.
Last month’s prices for pet products increased 1.3% against January.
In May 2021, prices were rising at a rhythm of 0.1% per month and 0.9% per year.
“As a newer category in e-commerce, prices have risen since May 2020, as more consumers brought pets into their homes, which boosted demand,” it says.
Adobe Analytics analyzes every month one trillion visits to retail sites and over 100 million SKUs across 18 segments, including pet products, electronics, computers, groceries, furniture, medical equipment, non-prescription drugs and office supplies.
Pet products are one of the categories where prices experienced the highest increase in February, only behind apparel, flowers, home, medical equipment and grocery.
Share this story:
