The average price in the U.S. of a gallon of milk was $3.67 in November compared to $3.66 in October, according to data published December 10, 2021 by the U.S. Labor Department’s Bureau of Labor Statistics ( BLS ).
Milk Prices By Year And Adjusted For Inflation Year Average Milk Price by Year* Average Annual CPI for Milk** Milk Prices Adjusted for Inflation In 20 2017 $3.23 200.974 $3.41 2018 $2.90 195.638 $3.15 2019 $3.04 200.491 $3.22 2020 $3.32 212.621 $3.32 22 more rows
Historically, Milk reached an all time high of 24.59 in September of 2014. Milk – data, forecasts, historical chart – was last updated on January of 2022. Milk is expected to trade at 22.53 USD/CWT by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
The annual average CPI for Milk in 2020 was 212.621. The following formula shows how to adjust milk prices for inflation: 2000 Milk Price x (2020 CPI for Milk / 2000 CPI for Milk) = Adjusted Milk Price in 2020 Dollars
Which states have milk prices below $2?
Washington. The 10 states above all have milk prices below $2. Midwestern states seem to have a slight edge when it comes to milk prices, including Dairy powerhouses Wisconsin.
Delaware. All of the 10 states pay over $3 for a gallon of milk. In fact Hawaii, the most expensive state, comes in at nearly 5 bucks.
How much is milk in 2021?
Milk Prices By Year And Adjusted For Inflation. The average price in the U.S. of a gallon of milk was $3.56 in June compared to $3.50 in May, according to data published July 13, 2021 by the U.S. Labor Department’s Bureau of Labor Statistics ( BLS ).
Averaging the BLS’s monthly pricing data for milk — fresh, whole and fortified, a gallon was $3.32 in 2020 versus $3.04 in 2019, marking a 9.2% increase. For a bit of background, milk is one of the goods the BLS monitors for inflation, using it in calculating the overall change in consumer prices.
The average annual price for Milk in 2000 was $2.78 per gallon. The annual average CPI for Milk in 2000 was 156.900. The annual average CPI for Milk in 2020 was 212.621. The following formula shows how to adjust milk prices for inflation:
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