How much did milk cost in 2002?
Milk averaged $2.76 per gal in 2002 — about $5.14 in 2026 dollars.
Monthly average price (USD per gal) · 2002
In 2002, milk averaged $2.76 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 $2.68 in December to $2.82 in March. Over the year it fell from $2.81 in January to $2.68 in December, a 4.6% decline.
Adjusted for inflation, $2.76 in 2002 is worth about $5.14 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 18% cheaper than it was in 2002. In plain (unadjusted) dollars the price is up 53% versus the 2002 average.
2002 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.81 | ▼ 2.9% |
| February | $2.81 | ▼ 0.2% |
| March | $2.82 | ▲ 0.3% |
| April | $2.78 | ▼ 1.3% |
| May | $2.78 | ▲ 0.1% |
| June | $2.77 | ▼ 0.5% |
| July | $2.75 | ▼ 0.8% |
| August | $2.72 | ▼ 1.0% |
| September | $2.73 | ▲ 0.3% |
| October | $2.73 | ▼ 0.0% |
| November | $2.72 | ▼ 0.3% |
| December | $2.68 | ▼ 1.4% |
| 2002 average | $2.76 |
FAQ
What was the average price of milk in 2002?
Milk averaged $2.76 per gal in 2002, based on 12 months of BLS average price data.
How much is $2.76 of 2002 milk worth today?
Adjusted for inflation with the CPI-U, $2.76 in 2002 is about $5.14 in 2026 dollars.
How does the 2002 price of milk compare to now?
Milk now averages $4.22 per gal, up 53% from the 2002 average of $2.76.