How much did milk cost in 2021?
Milk averaged $3.54 per gal in 2021 — about $4.38 in 2026 dollars.
Monthly average price (USD per gal) · 2021
In 2021, milk averaged $3.54 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 $3.35 in March to $3.74 in December. Over the year it rose from $3.47 in January to $3.74 in December, a 7.9% increase.
Adjusted for inflation, $3.54 in 2021 is worth about $4.38 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 4% cheaper than it was in 2021. In plain (unadjusted) dollars the price is up 19% versus the 2021 average.
2021 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.47 | ▼ 1.9% |
| February | $3.37 | ▼ 2.9% |
| March | $3.35 | ▼ 0.6% |
| April | $3.45 | ▲ 3.0% |
| May | $3.50 | ▲ 1.4% |
| June | $3.56 | ▲ 1.7% |
| July | $3.63 | ▲ 2.0% |
| August | $3.56 | ▼ 1.9% |
| September | $3.59 | ▲ 0.7% |
| October | $3.66 | ▲ 2.2% |
| November | $3.67 | ▲ 0.2% |
| December | $3.74 | ▲ 2.0% |
| 2021 average | $3.54 |
FAQ
What was the average price of milk in 2021?
Milk averaged $3.54 per gal in 2021, based on 12 months of BLS average price data.
How much is $3.54 of 2021 milk worth today?
Adjusted for inflation with the CPI-U, $3.54 in 2021 is about $4.38 in 2026 dollars.
How does the 2021 price of milk compare to now?
Milk now averages $4.22 per gal, up 19% from the 2021 average of $3.54.