According to the U.S. Bureau of Labor Statistics, prices for milk were 29.70% higher in 2017 versus 2000.
Between 2000 and 2017: Milk experienced an average inflation rate of 1.54% per year. In other words, milk costing $5 in the year 2000 would cost $6.48 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, milk inflation was lower.
In the year 2000: Pricing changed by 0.15%, below the average yearly change for milk during the 2000-2017 time period. Compared to overall 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: