How much did milk cost in 2012?
Milk averaged $3.49 per gal in 2012 — about $5.09 in 2026 dollars.
Monthly average price (USD per gal) · 2012
In 2012, milk averaged $3.49 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 $3.40 in June to $3.58 in January. Over the year it was little changed from $3.58 in January to $3.58 in December.
Adjusted for inflation, $3.49 in 2012 is worth about $5.09 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 17% cheaper than it was in 2012. In plain (unadjusted) dollars the price is up 21% versus the 2012 average.
2012 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.58 | ▲ 0.5% |
| February | $3.52 | ▼ 1.8% |
| March | $3.50 | ▼ 0.6% |
| April | $3.47 | ▼ 0.7% |
| May | $3.43 | ▼ 1.4% |
| June | $3.40 | ▼ 0.9% |
| July | $3.43 | ▲ 0.9% |
| August | $3.47 | ▲ 1.3% |
| September | $3.47 | ▼ 0.1% |
| October | $3.52 | ▲ 1.6% |
| November | $3.54 | ▲ 0.3% |
| December | $3.58 | ▲ 1.2% |
| 2012 average | $3.49 |
FAQ
What was the average price of milk in 2012?
Milk averaged $3.49 per gal in 2012, based on 12 months of BLS average price data.
How much is $3.49 of 2012 milk worth today?
Adjusted for inflation with the CPI-U, $3.49 in 2012 is about $5.09 in 2026 dollars.
How does the 2012 price of milk compare to now?
Milk now averages $4.22 per gal, up 21% from the 2012 average of $3.49.