Milk price history by year

In 2026, milk averaged $4.14 per gallon at the U.S. city average, across the 6 months the series reported that year, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $4.03 in February to $4.32 in June. Over the year it rose from $4.10 in January to $4.32 in June, a 5.3% increase.

Adjusted for inflation, $4.14 in 2026 is worth about $4.18 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 3% more expensive than it was in 2026. In plain (unadjusted) dollars the price is up 4% versus the 2026 average.

In 2025, milk averaged $4.07 per gallon at the U.S. city average, across the 11 months the series reported that year, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $4.00 in November to $4.17 in August. Over the year it rose from $4.03 in January to $4.05 in December, a 0.5% increase.

Adjusted for inflation, $4.07 in 2025 is worth about $4.22 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 2% more expensive than it was in 2025. In plain (unadjusted) dollars the price is up 6% versus the 2025 average.

In 2024, milk averaged $3.98 per gallon 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 $4.24 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 2% more expensive than it was in 2024. In plain (unadjusted) dollars the price is up 8% versus the 2024 average.

In 2023, milk averaged $4.03 per gallon 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 $3.93 in August to $4.20 in January. Over the year it fell from $4.20 in January to $4.01 in December, a 4.7% decline.

Adjusted for inflation, $4.03 in 2023 is worth about $4.42 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 2% cheaper than it was in 2023. In plain (unadjusted) dollars the price is up 7% versus the 2023 average.

In 2022, milk averaged $4.09 per gallon 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 $4.67 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 8% cheaper than it was in 2022. In plain (unadjusted) dollars the price is up 6% versus the 2022 average.

In 2021, milk averaged $3.54 per gallon 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 $4.36 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 1% cheaper than it was in 2021. In plain (unadjusted) dollars the price is up 22% versus the 2021 average.

In 2020, milk averaged $3.32 per gallon 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 $4.28 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 1% more expensive than it was in 2020. In plain (unadjusted) dollars the price is up 30% versus the 2020 average.

In 2019, milk averaged $3.04 per gallon 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 $2.90 in February to $3.19 in November. Over the year it rose from $2.91 in January to $3.19 in December, a 9.4% increase.

Adjusted for inflation, $3.04 in 2019 is worth about $3.97 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 9% more expensive than it was in 2019. In plain (unadjusted) dollars the price is up 42% versus the 2019 average.

In 2018, milk averaged $2.90 per gallon 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 $3.86 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 12% more expensive than it was in 2018. In plain (unadjusted) dollars the price is up 49% versus the 2018 average.

In 2017, milk averaged $3.23 per gallon 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 $3.15 in November to $3.32 in January. Over the year it fell from $3.32 in January to $3.16 in December, a 4.9% decline.

Adjusted for inflation, $3.23 in 2017 is worth about $4.40 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 2% cheaper than it was in 2017. In plain (unadjusted) dollars the price is up 34% versus the 2017 average.

In 2016, milk averaged $3.20 per gallon 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 $3.06 in July to $3.31 in January. Over the year it fell from $3.31 in January to $3.29 in December, a 0.7% decline.

Adjusted for inflation, $3.20 in 2016 is worth about $4.45 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 3% cheaper than it was in 2016. In plain (unadjusted) dollars the price is up 35% versus the 2016 average.

In 2015, milk averaged $3.42 per gallon 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 $3.30 in November to $3.76 in January. Over the year it fell from $3.76 in January to $3.31 in December, a 11.9% decline.

Adjusted for inflation, $3.42 in 2015 is worth about $4.82 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 10% cheaper than it was in 2015. In plain (unadjusted) dollars the price is up 26% versus the 2015 average.

In 2014, milk averaged $3.69 per gallon 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 $3.55 in January to $3.86 in November. Over the year it rose from $3.55 in January to $3.82 in December, a 7.5% increase.

Adjusted for inflation, $3.69 in 2014 is worth about $5.21 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 17% cheaper than it was in 2014. In plain (unadjusted) dollars the price is up 17% versus the 2014 average.

In 2013, milk averaged $3.46 per gallon 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 $3.43 in April to $3.53 in January. Over the year it fell from $3.53 in January to $3.50 in December, a 0.7% decline.

Adjusted for inflation, $3.46 in 2013 is worth about $4.96 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 13% cheaper than it was in 2013. In plain (unadjusted) dollars the price is up 25% versus the 2013 average.

In 2012, milk averaged $3.49 per gallon 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 $3.40 in June to $3.58 in January. Over the year it was little changed from $3.58 in January to $3.58 in December.

Adjusted for inflation, $3.49 in 2012 is worth about $5.08 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 15% cheaper than it was in 2012. In plain (unadjusted) dollars the price is up 24% versus the 2012 average.

In 2011, milk averaged $3.57 per gallon 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 $3.30 in January to $3.72 in September. Over the year it rose from $3.30 in January to $3.57 in December, a 8.0% increase.

Adjusted for inflation, $3.57 in 2011 is worth about $5.30 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 19% cheaper than it was in 2011. In plain (unadjusted) dollars the price is up 21% versus the 2011 average.

In 2010, milk averaged $3.26 per gallon 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 $3.14 in April to $3.33 in November. Over the year it rose from $3.24 in January to $3.32 in December, a 2.5% increase.

Adjusted for inflation, $3.26 in 2010 is worth about $4.99 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 13% cheaper than it was in 2010. In plain (unadjusted) dollars the price is up 32% versus the 2010 average.

In 2009, milk averaged $3.11 per gallon 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 $2.98 in August to $3.58 in January. Over the year it fell from $3.58 in January to $3.11 in December, a 13.1% decline.

Adjusted for inflation, $3.11 in 2009 is worth about $4.84 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 11% cheaper than it was in 2009. In plain (unadjusted) dollars the price is up 39% versus the 2009 average.

In 2008, milk averaged $3.80 per gallon 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 $3.66 in October to $3.96 in July. Over the year it fell from $3.87 in January to $3.68 in December, a 4.9% decline.

Adjusted for inflation, $3.80 in 2008 is worth about $5.89 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 27% cheaper than it was in 2008. In plain (unadjusted) dollars the price is up 14% versus the 2008 average.

In 2007, milk averaged $3.50 per gallon 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 $3.07 in January to $3.90 in November. Over the year it rose from $3.07 in January to $3.87 in December, a 26.2% increase.

Adjusted for inflation, $3.50 in 2007 is worth about $5.64 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 23% cheaper than it was in 2007. In plain (unadjusted) dollars the price is up 23% versus the 2007 average.

In 2006, milk averaged $3.08 per gallon 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 $2.99 in November to $3.22 in February. Over the year it fell from $3.20 in January to $3.00 in December, a 6.0% decline.

Adjusted for inflation, $3.08 in 2006 is worth about $5.10 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 15% cheaper than it was in 2006. In plain (unadjusted) dollars the price is up 40% versus the 2006 average.

In 2005, milk averaged $3.19 per gallon 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 $3.09 in July to $3.30 in January. Over the year it fell from $3.30 in January to $3.24 in December, a 1.9% decline.

Adjusted for inflation, $3.19 in 2005 is worth about $5.45 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 21% cheaper than it was in 2005. In plain (unadjusted) dollars the price is up 35% versus the 2005 average.

In 2004, milk averaged $3.16 per gallon 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 $2.79 in March to $3.57 in June. Over the year it rose from $2.88 in January to $3.23 in December, a 12.3% increase.

Adjusted for inflation, $3.16 in 2004 is worth about $5.59 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 23% cheaper than it was in 2004. In plain (unadjusted) dollars the price is up 37% versus the 2004 average.

In 2003, milk averaged $2.76 per gallon 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 $2.66 in March to $2.95 in December. Over the year it rose from $2.69 in January to $2.95 in December, a 9.7% increase.

Adjusted for inflation, $2.76 in 2003 is worth about $5.01 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 14% cheaper than it was in 2003. In plain (unadjusted) dollars the price is up 56% versus the 2003 average.

In 2002, milk averaged $2.76 per gallon 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 $2.68 in December to $2.82 in March. Over the year it fell from $2.81 in January to $2.68 in December, a 4.6% decline.

Adjusted for inflation, $2.76 in 2002 is worth about $5.12 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 16% cheaper than it was in 2002. In plain (unadjusted) dollars the price is up 56% versus the 2002 average.

In 2001, milk averaged $2.88 per gallon 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 $2.76 in March to $2.95 in October. Over the year it rose from $2.85 in January to $2.90 in December, a 1.5% increase.

Adjusted for inflation, $2.88 in 2001 is worth about $5.43 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 20% cheaper than it was in 2001. In plain (unadjusted) dollars the price is up 50% versus the 2001 average.

In 2000, milk averaged $2.78 per gallon 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 $2.75 in March to $2.81 in September. Over the year it was little changed from $2.79 in January to $2.79 in December.

Adjusted for inflation, $2.78 in 2000 is worth about $5.39 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 20% cheaper than it was in 2000. In plain (unadjusted) dollars the price is up 55% versus the 2000 average.

In 1999, milk averaged $2.84 per gallon 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 $2.70 in June to $3.00 in February. Over the year it fell from $2.94 in January to $2.88 in December, a 2.2% decline.

Adjusted for inflation, $2.84 in 1999 is worth about $5.69 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 24% cheaper than it was in 1999. In plain (unadjusted) dollars the price is up 52% versus the 1999 average.

In 1998, milk averaged $2.70 per gallon 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 $2.62 in June to $2.86 in December. Over the year it rose from $2.63 in January to $2.86 in December, a 8.6% increase.

Adjusted for inflation, $2.70 in 1998 is worth about $5.53 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 22% cheaper than it was in 1998. In plain (unadjusted) dollars the price is up 60% versus the 1998 average.

In 1997, milk averaged $2.61 per gallon 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 $2.53 in September to $2.68 in November. Over the year it was little changed from $2.68 in January to $2.67 in December.

Adjusted for inflation, $2.61 in 1997 is worth about $5.43 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 20% cheaper than it was in 1997. In plain (unadjusted) dollars the price is up 65% versus the 1997 average.

In 1996, milk averaged $2.62 per gallon 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 $2.53 in May to $2.75 in November. Over the year it rose from $2.55 in January to $2.73 in December, a 7.1% increase.

Adjusted for inflation, $2.62 in 1996 is worth about $5.58 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 23% cheaper than it was in 1996. In plain (unadjusted) dollars the price is up 65% versus the 1996 average.

In 1995, milk averaged $2.48 per gallon at the U.S. city average, across the 6 months the series reported that year, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $2.46 in September to $2.52 in December. Over the year it rose from $2.48 in July to $2.52 in December, a 1.7% increase.

Adjusted for inflation, $2.48 in 1995 is worth about $5.40 in 2026 dollars. Today milk averages $4.32 per gallon, so in real terms it is 20% cheaper than it was in 1995. In plain (unadjusted) dollars the price is up 74% versus the 1995 average.