How much did milk cost in 2018?
Milk averaged $2.90 per gal in 2018 — about $3.87 in 2026 dollars.
Monthly average price (USD per gal) · 2018
In 2018, milk averaged $2.90 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 $2.84 in July to $2.96 in January. Over the year it fell from $2.96 in January to $2.85 in December, a 3.6% decline.
Adjusted for inflation, $2.90 in 2018 is worth about $3.87 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 9% more expensive than it was in 2018. In plain (unadjusted) dollars the price is up 45% versus the 2018 average.
2018 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.96 | ▼ 6.2% |
| February | $2.92 | ▼ 1.3% |
| March | $2.90 | ▼ 0.7% |
| April | $2.92 | ▲ 0.7% |
| May | $2.92 | ▼ 0.2% |
| June | $2.88 | ▼ 1.4% |
| July | $2.84 | ▼ 1.3% |
| August | $2.87 | ▲ 1.1% |
| September | $2.89 | ▲ 0.7% |
| October | $2.91 | ▲ 0.8% |
| November | $2.88 | ▼ 1.2% |
| December | $2.85 | ▼ 0.8% |
| 2018 average | $2.90 |
FAQ
What was the average price of milk in 2018?
Milk averaged $2.90 per gal in 2018, based on 12 months of BLS average price data.
How much is $2.90 of 2018 milk worth today?
Adjusted for inflation with the CPI-U, $2.90 in 2018 is about $3.87 in 2026 dollars.
How does the 2018 price of milk compare to now?
Milk now averages $4.22 per gal, up 45% from the 2018 average of $2.90.