How much did milk cost in 2024?
Milk averaged $3.98 per gal in 2024 — about $4.25 in 2026 dollars.
Monthly average price (USD per gal) · 2024
In 2024, milk averaged $3.98 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 $3.86 in May to $4.14 in November. Over the year it rose from $3.96 in January to $4.10 in December, a 3.6% increase.
Adjusted for inflation, $3.98 in 2024 is worth about $4.25 in 2026 dollars. Today milk averages $4.22 per gal, so in real terms it is 1% cheaper than it was in 2024. In plain (unadjusted) dollars the price is up 6% versus the 2024 average.
2024 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.96 | ▼ 1.3% |
| February | $3.94 | ▼ 0.5% |
| March | $3.89 | ▼ 1.2% |
| April | $3.87 | ▼ 0.6% |
| May | $3.86 | ▼ 0.1% |
| June | $3.96 | ▲ 2.4% |
| July | $3.98 | ▲ 0.7% |
| August | $4.04 | ▲ 1.5% |
| September | $4.02 | ▼ 0.6% |
| October | $4.04 | ▲ 0.5% |
| November | $4.14 | ▲ 2.4% |
| December | $4.10 | ▼ 0.9% |
| 2024 average | $3.98 |
FAQ
What was the average price of milk in 2024?
Milk averaged $3.98 per gal in 2024, based on 12 months of BLS average price data.
How much is $3.98 of 2024 milk worth today?
Adjusted for inflation with the CPI-U, $3.98 in 2024 is about $4.25 in 2026 dollars.
How does the 2024 price of milk compare to now?
Milk now averages $4.22 per gal, up 6% from the 2024 average of $3.98.