According to the U.S. Bureau of Labor Statistics, prices for milk were 29.63% higher in 2019 versus 2000 (a $1.48 difference in value).
Between 2000 and 2019: Milk experienced an average inflation rate of 1.38% per year. In other words, milk costing $5 in the year 2000 would cost $6.48 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for milk was lower.
In the year 2000: Pricing changed by 0.15%, which is below the average yearly change for milk during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for milk was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Milk:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| CPI | 100.000 | 101.308 | 107.592 | 107.754 | 112.700 | 110.608 | 111.538 | 124.977 | 126.985 | 125.469 | 140.119 | 148.507 | 128.978 | 133.586 | 145.819 | 147.449 | 149.176 | 156.573 | 147.479 | 140.674 | 139.677 | 137.005 | 139.682 |
Below are calculations of equivalent buying power for Milk, over time, for $5 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2000 | $5.00 | 0.15% |
| 2001 | $5.23 | 4.59% |
| 2002 | $5.13 | -1.86% |
| 2003 | $5.18 | 0.84% |
| 2004 | $5.80 | 12.05% |
| 2005 | $5.89 | 1.61% |
| 2006 | $5.82 | -1.19% |
| 2007 | $6.50 | 11.68% |
| 2008 | $6.89 | 5.99% |
| 2009 | $5.98 | -13.15% |
| 2010 | $6.20 | 3.57% |
| 2011 | $6.77 | 9.16% |
| 2012 | $6.84 | 1.12% |
| 2013 | $6.92 | 1.17% |
| 2014 | $7.27 | 4.96% |
| 2015 | $6.84 | -5.81% |
| 2016 | $6.53 | -4.61% |
| 2017 | $6.48 | -0.71% |
| 2018 | $6.36 | -1.91% |
| 2019 | $6.48 | 1.95%* |