How much did milk cost in 2003?
Milk averaged $2.76 per gal in 2003 — about $5.03 in 2026 dollars.
Monthly average price (USD per gal) · 2003
In 2003, 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 $2.66 in March to $2.95 in December. Over the year it rose from $2.69 in January to $2.95 in December, a 9.7% increase.
Adjusted for inflation, $2.76 in 2003 is worth about $5.03 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 16% cheaper than it was in 2003. In plain (unadjusted) dollars the price is up 53% versus the 2003 average.
2003 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.69 | ▲ 0.1% |
| February | $2.69 | ▲ 0.1% |
| March | $2.66 | ▼ 1.2% |
| April | $2.67 | ▲ 0.7% |
| May | $2.69 | ▲ 0.4% |
| June | $2.68 | ▼ 0.3% |
| July | $2.71 | ▲ 1.2% |
| August | $2.67 | ▼ 1.6% |
| September | $2.90 | ▲ 8.9% |
| October | $2.91 | ▲ 0.0% |
| November | $2.94 | ▲ 1.1% |
| December | $2.95 | ▲ 0.3% |
| 2003 average | $2.76 |
FAQ
What was the average price of milk in 2003?
Milk averaged $2.76 per gal in 2003, based on 12 months of BLS average price data.
How much is $2.76 of 2003 milk worth today?
Adjusted for inflation with the CPI-U, $2.76 in 2003 is about $5.03 in 2026 dollars.
How does the 2003 price of milk compare to now?
Milk now averages $4.22 per gal, up 53% from the 2003 average of $2.76.