How much did butter cost in 2023?
Butter averaged $4.56 per lb in 2023 — about $5.02 in 2026 dollars.
Monthly average price (USD per lb) · 2023
In 2023, butter averaged $4.56 per lb at the U.S. city average, across all twelve months, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $4.41 in September to $4.88 in January. Over the year it fell from $4.88 in January to $4.51 in December, a 7.7% decline.
Adjusted for inflation, $4.56 in 2023 is worth about $5.02 in 2026 dollars. Today butter averages $3.93 per lb, so in real terms it is 22% cheaper than it was in 2023. In plain (unadjusted) dollars the price is down 14% versus the 2023 average.
2023 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $4.88 | ▲ 1.5% |
| February | $4.87 | ▼ 0.3% |
| March | $4.66 | ▼ 4.2% |
| April | $4.45 | ▼ 4.5% |
| May | $4.55 | ▲ 2.2% |
| June | $4.45 | ▼ 2.1% |
| July | $4.47 | ▲ 0.3% |
| August | $4.41 | ▼ 1.2% |
| September | $4.41 | ▼ 0.1% |
| October | $4.55 | ▲ 3.2% |
| November | $4.52 | ▼ 0.7% |
| December | $4.51 | ▼ 0.3% |
| 2023 average | $4.56 |
FAQ
What was the average price of butter in 2023?
Butter averaged $4.56 per lb in 2023, based on 12 months of BLS average price data.
How much is $4.56 of 2023 butter worth today?
Adjusted for inflation with the CPI-U, $4.56 in 2023 is about $5.02 in 2026 dollars.
How does the 2023 price of butter compare to now?
Butter now averages $3.93 per lb, down 14% from the 2023 average of $4.56.