Fresh whole milk priced at $20 in 1939 $271.95 in 2022

Fresh Whole Milk Inflation Calculator

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Prices for Fresh Whole Milk, 1939-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh whole milk are 1,259.76% higher in 2022 versus 1939 (a $251.95 difference in value).

Between 1939 and 2022: Fresh whole milk experienced an average inflation rate of 3.19% per year. This rate of change indicates significant inflation. In other words, fresh whole milk costing $20 in the year 1939 would cost $271.95 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.73% during this same period, inflation for fresh whole milk was lower.

Price Inflation for Fresh whole milk since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (19.81%), 2009 (-15.68%), and 1946 (14.88%).

View price changes for other categories
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Buying power of $20.00 since 1939

Below are calculations of equivalent buying power for Fresh whole milk, over time, for $20 beginning in 1939. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1939$20.00-
1940$20.623.11%
1941$22.499.05%
1942$24.298.01%
1943$25.735.94%
1944$26.071.32%
1945$26.110.13%
1946$29.9914.88%
1947$33.5611.90%
1948$37.3911.42%
1949$35.78-4.31%
1950$34.78-2.81%
1951$38.5810.93%
1952$40.484.93%
1953$40.02-1.15%
1954$39.20-2.05%
1955$39.240.13%
1956$40.423.00%
1957$41.853.53%
1958$42.631.86%
1959$43.050.97%
1960$44.072.37%
1961$44.220.36%
1962$44.02-0.47%
1963$43.78-0.53%
1964$43.930.34%
1965$43.71-0.51%
1966$46.516.40%
1967$48.363.98%
1968$50.404.22%
1969$51.792.77%
1970$53.984.23%
1971$55.472.75%
1972$56.271.44%
1973$61.599.45%
1974$73.7819.81%
1975$73.880.13%
1976$77.755.23%
1977$78.541.01%
1978$83.095.79%
1979$92.6211.48%
1980$100.858.89%
1981$106.565.65%
1982$107.130.54%
1983$107.850.67%
1984$108.660.75%
1985$110.371.57%
1986$109.73-0.58%
1987$111.811.90%
1988$114.402.32%
1989$123.287.76%
1990$136.6610.85%
1991$132.04-3.38%
1992$136.403.30%
1993$137.981.16%
1994$141.502.56%
1995$141.45-0.04%
1996$152.227.61%
1997$154.141.26%
1998$159.593.53%
1999$168.545.61%
2000$169.290.45%
2001$178.955.70%
2002$174.90-2.26%
2003$175.290.22%
2004$197.8212.85%
2005$199.500.85%
2006$195.90-1.81%
2007$221.5913.11%
2008$234.355.76%
2009$197.61-15.68%
2010$206.244.37%
2011$226.059.60%
2012$227.920.83%
2013$231.611.62%
2014$245.696.08%
2015$229.88-6.44%
2016$219.15-4.67%
2017$216.82-1.06%
2018$211.06-2.65%
2019$216.302.48%
2020$229.386.05%
2021$240.995.06%
2022$271.9512.85%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fresh whole milk:

Year193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI18.53819.11520.84622.51523.85424.16924.20027.80031.10834.66233.16932.23835.76237.52337.09236.33136.37737.46938.79239.51539.90040.84640.99240.80040.58540.72340.51543.10844.82346.71548.00850.03851.41552.15457.08568.39268.48572.06972.80077.01585.85493.48598.76999.30099.969100.723102.300101.708103.638106.038114.269126.669122.392126.431127.892131.162131.115141.092142.877147.923156.223156.923165.869162.115162.477183.362184.923181.585205.397217.220183.170191.173209.530211.266214.683227.740213.082203.133200.974195.638200.491212.621223.383252.079

Adjust fresh whole milk prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1939 * 1939 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Fresh whole milk was 18.538 in the year 1939 and 252.079 in 2022:

252.079 / 18.538 * $20 = $271.95

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1939 has the same "purchasing power" as $271.95 in 2022 (in the CPI category of Fresh whole milk).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh whole milk in 1939. In addition to fresh whole milk, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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