How much did milk cost in 2020?
Milk averaged $3.32 per gal in 2020 — about $4.30 in 2026 dollars.
Monthly average price (USD per gal) · 2020
In 2020, milk averaged $3.32 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 $3.20 in February to $3.54 in December. Over the year it rose from $3.25 in January to $3.54 in December, a 8.7% increase.
Adjusted for inflation, $3.32 in 2020 is worth about $4.30 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 2% cheaper than it was in 2020. In plain (unadjusted) dollars the price is up 27% versus the 2020 average.
2020 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.25 | ▲ 2.0% |
| February | $3.20 | ▼ 1.8% |
| March | $3.25 | ▲ 1.6% |
| April | $3.27 | ▲ 0.6% |
| May | $3.21 | ▼ 1.7% |
| June | $3.20 | ▼ 0.4% |
| July | $3.26 | ▲ 1.8% |
| August | $3.41 | ▲ 4.6% |
| September | $3.45 | ▲ 1.2% |
| October | $3.38 | ▼ 2.0% |
| November | $3.43 | ▲ 1.3% |
| December | $3.54 | ▲ 3.2% |
| 2020 average | $3.32 |
FAQ
What was the average price of milk in 2020?
Milk averaged $3.32 per gal in 2020, based on 12 months of BLS average price data.
How much is $3.32 of 2020 milk worth today?
Adjusted for inflation with the CPI-U, $3.32 in 2020 is about $4.30 in 2026 dollars.
How does the 2020 price of milk compare to now?
Milk now averages $4.22 per gal, up 27% from the 2020 average of $3.32.