How much did cheddar cheese cost in 2023?
Cheddar cheese averaged $5.82 per lb in 2023 — about $6.40 in 2026 dollars.
12 monthly observations · Source: BLS series APU0000710212.
In 2023, cheddar cheese averaged $5.82 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 $5.55 in December to $5.95 in January. Over the year it fell from $5.95 in January to $5.55 in December, a 6.7% decline.
Adjusted for inflation, $5.82 in 2023 is worth about $6.40 in 2026 dollars. Today cheddar cheese averages $5.69 per lb, so in real terms it is 11% cheaper than it was in 2023. In plain (unadjusted) dollars the price is down 2% versus the 2023 average.
2023 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $5.95 | ▼ 0.8% |
| February | $5.85 | ▼ 1.6% |
| March | $5.92 | ▲ 1.2% |
| April | $5.94 | ▲ 0.3% |
| May | $5.84 | ▼ 1.7% |
| June | $5.68 | ▼ 2.7% |
| July | $5.91 | ▲ 4.0% |
| August | $5.90 | ▼ 0.2% |
| September | $5.85 | ▼ 0.9% |
| October | $5.85 | — |
| November | $5.65 | ▼ 3.4% |
| December | $5.55 | ▼ 1.9% |
| 2023 average | $5.82 |
FAQ
What was the average price of cheddar cheese in 2023?
Cheddar cheese averaged $5.82 per lb in 2023, based on 12 months of BLS average price data.
How much is $5.82 of 2023 cheddar cheese worth today?
Adjusted for inflation with the CPI-U, $5.82 in 2023 is about $6.40 in 2026 dollars.
How does the 2023 price of cheddar cheese compare to now?
Cheddar cheese now averages $5.69 per lb, down 2% from the 2023 average of $5.82.
Cite this
Basket Report. "Cheddar cheese price in 2023 (U.S. average)." Basket Report — Grocery Price Index. Retrieved June 26, 2026 from https://basketreport.com/prices/cheese/2023/. Data: U.S. Bureau of Labor Statistics, series APU0000710212. <a href="https://basketreport.com/prices/cheese/2023/">Cheddar cheese price in 2023 (U.S. average) — Basket Report</a> (data: U.S. Bureau of Labor Statistics, series APU0000710212; retrieved June 26, 2026) Basket Report. (2026). Cheddar cheese price in 2023 (U.S. average) [Data set]. Basket Report — Grocery Price Index. https://basketreport.com/prices/cheese/2023/