How much did milk cost in 1999?
Milk averaged $2.84 per gal in 1999 — about $5.71 in 2026 dollars.
Monthly average price (USD per gal) · 1999
In 1999, milk averaged $2.84 per gal 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 $2.70 in June to $3.00 in February. Over the year it fell from $2.94 in January to $2.88 in December, a 2.2% decline.
Adjusted for inflation, $2.84 in 1999 is worth about $5.71 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 26% cheaper than it was in 1999. In plain (unadjusted) dollars the price is up 48% versus the 1999 average.
1999 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.94 | ▲ 2.8% |
| February | $3.00 | ▲ 2.2% |
| March | $3.00 | ▼ 0.0% |
| April | $2.71 | ▼ 9.9% |
| May | $2.72 | ▲ 0.3% |
| June | $2.70 | ▼ 0.4% |
| July | $2.71 | ▲ 0.1% |
| August | $2.72 | ▲ 0.5% |
| September | $2.79 | ▲ 2.8% |
| October | $2.96 | ▲ 6.1% |
| November | $2.98 | ▲ 0.6% |
| December | $2.88 | ▼ 3.6% |
| 1999 average | $2.84 |
FAQ
What was the average price of milk in 1999?
Milk averaged $2.84 per gal in 1999, based on 12 months of BLS average price data.
How much is $2.84 of 1999 milk worth today?
Adjusted for inflation with the CPI-U, $2.84 in 1999 is about $5.71 in 2026 dollars.
How does the 1999 price of milk compare to now?
Milk now averages $4.22 per gal, up 48% from the 1999 average of $2.84.