How much did milk cost in 2006?
Milk averaged $3.08 per gal in 2006 — about $5.12 in 2026 dollars.
Monthly average price (USD per gal) · 2006
In 2006, milk averaged $3.08 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 $2.99 in November to $3.22 in February. Over the year it fell from $3.20 in January to $3.00 in December, a 6.0% decline.
Adjusted for inflation, $3.08 in 2006 is worth about $5.12 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 18% cheaper than it was in 2006. In plain (unadjusted) dollars the price is up 37% versus the 2006 average.
2006 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.20 | ▼ 1.4% |
| February | $3.22 | ▲ 0.8% |
| March | $3.16 | ▼ 1.9% |
| April | $3.12 | ▼ 1.2% |
| May | $3.07 | ▼ 1.8% |
| June | $3.00 | ▼ 2.1% |
| July | $3.08 | ▲ 2.7% |
| August | $3.02 | ▼ 2.1% |
| September | $3.05 | ▲ 1.0% |
| October | $3.06 | ▲ 0.5% |
| November | $2.99 | ▼ 2.6% |
| December | $3.00 | ▲ 0.6% |
| 2006 average | $3.08 |
FAQ
What was the average price of milk in 2006?
Milk averaged $3.08 per gal in 2006, based on 12 months of BLS average price data.
How much is $3.08 of 2006 milk worth today?
Adjusted for inflation with the CPI-U, $3.08 in 2006 is about $5.12 in 2026 dollars.
How does the 2006 price of milk compare to now?
Milk now averages $4.22 per gal, up 37% from the 2006 average of $3.08.