Milk priced at $5 in 2000 $6.51 in 2017

Historical Price Inflation for Milk

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Prices for Milk, 2000-2017 ($5)

According to the U.S. Bureau of Labor Statistics, prices for milk were 23.24% lower in 2000 versus 2017.

Milk experienced an average inflation rate of 1.57% per year between 2000 and 2017. In other words, milk costing $5 in the year 2000 would cost $6.51 in 2017 for an equivalent purchase.

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 1997

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:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
CPI 100.000 101.308 107.592 107.754 112.700 110.608 111.538 124.977 126.985 125.469 140.119 148.507 128.978 133.586 145.819 147.449 149.176 156.573 147.479 140.674 140.373

View price changes for other categories
Gasoline (all types) · Financial services · Baby food · Wine at home

How to calculate the inflation rate for milk, 2000-2017

Start with the inflation rate 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 107.754 in the year 2000 and 140.373 in 2017:

140.373 / 107.754 * $5 = $6.51

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $5 from 2000 is $6.51 in 2017 (in the 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 other goods and services.

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