Milk priced at $5 in 2000 $6.34 in 2018

Historical Price Inflation for Milk

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Prices for Milk, 2000-2018 ($5)

According to the U.S. Bureau of Labor Statistics, prices for milk were 26.78% higher in 2018 versus 2000 (a $1.34 difference in value).

Between 2000 and 2018: Milk experienced an average inflation rate of 1.33% per year. In other words, milk costing $5 in the year 2000 would cost $6.34 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.11% 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 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for milk was much lower.

Price Inflation for Milk since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (-13.15%), 2004 (12.05%), and 2007 (11.68%).

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
CPI 100.000 101.308 107.592 107.754 112.700 110.608 111.538 124.977 126.985 125.469 140.119 148.507 128.978 133.586 145.819 147.449 149.176 156.573 147.479 140.674 139.677 136.610

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Buying power of $5 since 2000

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 $6.34 -2.20%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for milk, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Milk was 107.754 in the year 2000 and 136.610 in 2018:

136.610 / 107.754 * $5 = $6.34

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2000 has the same "purchasing power" as $6.34 in 2018 (in the CPI category of Milk).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Milk in 1997. In addition to 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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