What was the average milk price in 2000?

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 2022 was 254.519. The following formula shows how to adjust milk prices for inflation: 2000 Milk Price x (2022 CPI for Milk / 2000 CPI for Milk) = Adjusted Milk Price in 2022 Dollars

What years have milk prices changed?

Years with the largest changes in pricing: 2022 (14%), 2009 (-13.15%), and 2004 (12.05%). The average price for Milk is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics.

How much did whole milk cost in 1939?

This rate of change indicates significant inflation. In other words, fresh whole milk costing $20 in the year 1939 would cost $272.70 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.74% during this same period, inflation for fresh whole milk was lower.

What is US milk farm price received?

US Milk Farm Price Received is at a current level of 21.00, up from 19.70 last month and down from 24.10 one year ago. This is a change of 6.60% from last month and -12.86% from one year ago. Monthly average farm price received. In depth view into US Milk Farm Price Received including historical data from 1980 to 2023, charts and stats.