How much did milk cost in 2016?
Milk averaged $3.20 per gal in 2016 — about $4.47 in 2026 dollars.
Monthly average price (USD per gal) · 2016
In 2016, milk averaged $3.20 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 $3.06 in July to $3.31 in January. Over the year it fell from $3.31 in January to $3.29 in December, a 0.7% decline.
Adjusted for inflation, $3.20 in 2016 is worth about $4.47 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 6% cheaper than it was in 2016. In plain (unadjusted) dollars the price is up 32% versus the 2016 average.
2016 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.31 | ▲ 0.1% |
| February | $3.23 | ▼ 2.5% |
| March | $3.19 | ▼ 1.3% |
| April | $3.16 | ▼ 1.0% |
| May | $3.16 | ▲ 0.1% |
| June | $3.12 | ▼ 1.3% |
| July | $3.06 | ▼ 1.7% |
| August | $3.14 | ▲ 2.6% |
| September | $3.23 | ▲ 2.8% |
| October | $3.29 | ▲ 1.9% |
| November | $3.28 | ▼ 0.4% |
| December | $3.29 | ▲ 0.3% |
| 2016 average | $3.20 |
FAQ
What was the average price of milk in 2016?
Milk averaged $3.20 per gal in 2016, based on 12 months of BLS average price data.
How much is $3.20 of 2016 milk worth today?
Adjusted for inflation with the CPI-U, $3.20 in 2016 is about $4.47 in 2026 dollars.
How does the 2016 price of milk compare to now?
Milk now averages $4.22 per gal, up 32% from the 2016 average of $3.20.