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Andrea Felsted

Even Dogs and Cats Can't Escape Inflation

The price of our furry friends has slumped as people adjust to inflation and go back to offices.

Looking for a home. 

Looking for a home. 

Photographer: Getty Images/Getty Images AsiaPac

As investors look for signs of cooling inflation, there is one discretionary purchase that is firmly in deflation: pets.

Prices of our furry friends have slumped over the past year as demand has fallen with people returning to offices and rising costs pinching wallets. The pandemic pet boom is well and truly over.