How much did milk cost in 2001?
Milk averaged $2.88 per gal in 2001 — about $5.45 in 2026 dollars.
Monthly average price (USD per gal) · 2001
In 2001, milk averaged $2.88 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 $2.76 in March to $2.95 in October. Over the year it rose from $2.85 in January to $2.90 in December, a 1.5% increase.
Adjusted for inflation, $2.88 in 2001 is worth about $5.45 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 23% cheaper than it was in 2001. In plain (unadjusted) dollars the price is up 46% versus the 2001 average.
2001 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.85 | ▲ 2.4% |
| February | $2.85 | ▼ 0.2% |
| March | $2.76 | ▼ 3.1% |
| April | $2.85 | ▲ 3.1% |
| May | $2.89 | ▲ 1.7% |
| June | $2.91 | ▲ 0.6% |
| July | $2.93 | ▲ 0.8% |
| August | $2.89 | ▼ 1.5% |
| September | $2.94 | ▲ 1.8% |
| October | $2.95 | ▲ 0.4% |
| November | $2.89 | ▼ 2.2% |
| December | $2.90 | ▲ 0.2% |
| 2001 average | $2.88 |
FAQ
What was the average price of milk in 2001?
Milk averaged $2.88 per gal in 2001, based on 12 months of BLS average price data.
How much is $2.88 of 2001 milk worth today?
Adjusted for inflation with the CPI-U, $2.88 in 2001 is about $5.45 in 2026 dollars.
How does the 2001 price of milk compare to now?
Milk now averages $4.22 per gal, up 46% from the 2001 average of $2.88.