According to the U.S. Bureau of Labor Statistics, prices for milk were 27.79% higher in 2018 versus 2000.
Between 2000 and 2018: Milk experienced an average inflation rate of 1.37% per year. In other words, milk costing $5 in the year 2000 would cost $6.39 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for milk was lower.
In the year 2000: Pricing changed by 0.15%, below the average yearly change for milk during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), price inflation for milk was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Milk: