According to the U.S. Bureau of Labor Statistics, prices for fresh milk other than whole are 81.85% higher in 2024 versus 1997 (a $16.37 difference in value).
Between 1997 and 2024: Fresh milk other than whole experienced an average inflation rate of 2.24% per year. This rate of change indicates significant inflation. In other words, fresh milk other than whole costing $20 in the year 1997 would cost $36.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for fresh milk other than whole was lower.
Below are calculations of equivalent buying power for Fresh milk other than whole, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $20.26 | 1.32% |
| 1999 | $21.65 | 6.86% |
| 2000 | $21.79 | 0.62% |
| 2001 | $22.64 | 3.93% |
| 2002 | $22.36 | -1.25% |
| 2003 | $22.68 | 1.43% |
| 2004 | $25.09 | 10.61% |
| 2005 | $25.70 | 2.43% |
| 2006 | $25.50 | -0.76% |
| 2007 | $28.20 | 10.58% |
| 2008 | $29.88 | 5.96% |
| 2009 | $26.59 | -11.00% |
| 2010 | $27.46 | 3.24% |
| 2011 | $29.85 | 8.71% |
| 2012 | $30.23 | 1.29% |
| 2013 | $30.49 | 0.85% |
| 2014 | $31.81 | 4.34% |
| 2015 | $30.21 | -5.06% |
| 2016 | $28.78 | -4.72% |
| 2017 | $28.60 | -0.61% |
| 2018 | $28.30 | -1.06% |
| 2019 | $29.11 | 2.87% |
| 2020 | $30.59 | 5.08% |
| 2021 | $31.47 | 2.88% |
| 2022 | $35.95 | 14.24% |
| 2023 | $36.49 | 1.50% |
| 2024 | $36.37 | -0.34%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fresh milk other than whole:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 101.315 | 108.269 | 108.938 | 113.215 | 111.800 | 113.400 | 125.431 | 128.485 | 127.508 | 141.000 | 149.409 | 132.972 | 137.282 | 149.243 | 151.172 | 152.455 | 159.073 | 151.031 | 143.899 | 143.015 | 141.500 | 145.554 | 152.948 | 157.349 | 179.761 | 182.464 | 181.848 |