Milk priced at $5 in 2000 $6.56 in 2017

Historical Price Inflation for Milk

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According to the U.S. Bureau of Labor Statistics, prices for milk were 31.23% lower in 2000 than in 2017.

Milk experienced an average inflation rate of 1.61% per year between 2000 and 2017. In other words, milk costing $5 in the year 2000 would cost $6.56 in 2017 for an equivalent purchase.

Average pricing changed by 0.15% in 2000, below the yearly average change for milk during the 2000-2017 time period. Compared to overall inflation for all items in 2000 (3.27%), price inflation for milk was much lower.


Price Inflation for Milk since 1999

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (-15.14%), 2004 (10.75%), and 2007 (10.46%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Milk:

Year1999200020012002200320042005200620072008200920102011201220132014201520162017
CPI107.583107.742112.708110.608111.542124.975126.983125.467140.119148.507128.978133.586145.819147.449149.176156.573147.479140.674141.385

View price changes for other categories
Film and photographic supplies · Fresh fruits · Baby food · Financial services

How to calculate the inflation rate for milk between 2000 and 2017

Start with the CPI inflation formula:

CPI in 2017 / CPI in 2000 * 2000 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Milk was 107.742 in the year 2000 and 141.385 in 2017:

141.385 / 107.742 * $5 = $6.56

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $5 from 2000 is $6.56 in 2017 (in the category of Milk).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Milk in 1999. In addition to milk, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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