How much did milk cost in 2007?
Milk averaged $3.50 per gal in 2007 — about $5.66 in 2026 dollars.
Monthly average price (USD per gal) · 2007
In 2007, milk averaged $3.50 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 $3.07 in January to $3.90 in November. Over the year it rose from $3.07 in January to $3.87 in December, a 26.2% increase.
Adjusted for inflation, $3.50 in 2007 is worth about $5.66 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 25% cheaper than it was in 2007. In plain (unadjusted) dollars the price is up 20% versus the 2007 average.
2007 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.07 | ▲ 2.1% |
| February | $3.08 | ▲ 0.5% |
| March | $3.07 | ▼ 0.4% |
| April | $3.14 | ▲ 2.0% |
| May | $3.26 | ▲ 4.0% |
| June | $3.43 | ▲ 5.2% |
| July | $3.74 | ▲ 9.0% |
| August | $3.81 | ▲ 1.9% |
| September | $3.84 | ▲ 0.9% |
| October | $3.84 | ▼ 0.1% |
| November | $3.90 | ▲ 1.7% |
| December | $3.87 | ▼ 0.9% |
| 2007 average | $3.50 |
FAQ
What was the average price of milk in 2007?
Milk averaged $3.50 per gal in 2007, based on 12 months of BLS average price data.
How much is $3.50 of 2007 milk worth today?
Adjusted for inflation with the CPI-U, $3.50 in 2007 is about $5.66 in 2026 dollars.
How does the 2007 price of milk compare to now?
Milk now averages $4.22 per gal, up 20% from the 2007 average of $3.50.