How much did milk cost in 2008?
Milk averaged $3.80 per gal in 2008 — about $5.91 in 2026 dollars.
Monthly average price (USD per gal) · 2008
In 2008, milk averaged $3.80 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 $3.66 in October to $3.96 in July. Over the year it fell from $3.87 in January to $3.68 in December, a 4.9% decline.
Adjusted for inflation, $3.80 in 2008 is worth about $5.91 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 29% cheaper than it was in 2008. In plain (unadjusted) dollars the price is up 11% versus the 2008 average.
2008 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.87 | ▲ 0.0% |
| February | $3.87 | ▼ 0.1% |
| March | $3.78 | ▼ 2.3% |
| April | $3.80 | ▲ 0.5% |
| May | $3.76 | ▼ 1.0% |
| June | $3.77 | ▲ 0.3% |
| July | $3.96 | ▲ 5.0% |
| August | $3.89 | ▼ 1.9% |
| September | $3.77 | ▼ 2.9% |
| October | $3.66 | ▼ 3.1% |
| November | $3.73 | ▲ 2.1% |
| December | $3.68 | ▼ 1.4% |
| 2008 average | $3.80 |
FAQ
What was the average price of milk in 2008?
Milk averaged $3.80 per gal in 2008, based on 12 months of BLS average price data.
How much is $3.80 of 2008 milk worth today?
Adjusted for inflation with the CPI-U, $3.80 in 2008 is about $5.91 in 2026 dollars.
How does the 2008 price of milk compare to now?
Milk now averages $4.22 per gal, up 11% from the 2008 average of $3.80.