How much did milk cost in 2022?
Milk averaged $4.09 per gal in 2022 — about $4.68 in 2026 dollars.
Monthly average price (USD per gal) · 2022
In 2022, milk averaged $4.09 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 $3.79 in January to $4.22 in November. Over the year it rose from $3.79 in January to $4.21 in December, a 11.2% increase.
Adjusted for inflation, $4.09 in 2022 is worth about $4.68 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 10% cheaper than it was in 2022. In plain (unadjusted) dollars the price is up 3% versus the 2022 average.
2022 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.79 | ▲ 1.2% |
| February | $3.88 | ▲ 2.3% |
| March | $3.92 | ▲ 1.1% |
| April | $4.01 | ▲ 2.4% |
| May | $4.20 | ▲ 4.8% |
| June | $4.15 | ▼ 1.2% |
| July | $4.16 | ▲ 0.1% |
| August | $4.19 | ▲ 0.9% |
| September | $4.18 | ▼ 0.3% |
| October | $4.18 | ▲ 0.1% |
| November | $4.22 | ▲ 0.8% |
| December | $4.21 | ▼ 0.2% |
| 2022 average | $4.09 |
FAQ
What was the average price of milk in 2022?
Milk averaged $4.09 per gal in 2022, based on 12 months of BLS average price data.
How much is $4.09 of 2022 milk worth today?
Adjusted for inflation with the CPI-U, $4.09 in 2022 is about $4.68 in 2026 dollars.
How does the 2022 price of milk compare to now?
Milk now averages $4.22 per gal, up 3% from the 2022 average of $4.09.