Fresh milk other than whole priced at $20 in 2011 $20.48 in 2020

Fresh Milk Other Than Whole Inflation Calculator

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Prices for Fresh Milk Other Than Whole, 2011-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh milk other than whole were 2.38% higher in 2020 versus 2011 (a $0.48 difference in value).

Between 2011 and 2020: Fresh milk other than whole experienced an average inflation rate of 0.26% per year. In other words, fresh milk other than whole costing $20 in the year 2011 would cost $20.48 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.56% during this same period, inflation for fresh milk other than whole was lower.

Price Inflation for Fresh milk other than whole since 2011

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2015 (-5.05%), 2020 (4.97%), and 2016 (-4.73%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fresh milk other than whole:

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CPI 149.239 151.122 152.424 159.069 151.029 143.891 143.023 141.507 145.558 152.798

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Buying power of $20 since 2011

Below are calculations of equivalent buying power for Fresh milk other than whole, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2011 $20.00 -
2012 $20.25 1.26%
2013 $20.43 0.86%
2014 $21.32 4.36%
2015 $20.24 -5.05%
2016 $19.28 -4.73%
2017 $19.17 -0.60%
2018 $18.96 -1.06%
2019 $19.51 2.86%
2020 $20.48 4.97%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fresh milk other than whole, 2011-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2011 * 2011 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fresh milk other than whole was 149.239 in the year 2011 and 152.798 in 2020:

152.798 / 149.239 * $20 = $20.48

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2011 has the same "purchasing power" as $20.48 in 2020 (in the CPI category of Fresh milk other than whole).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh milk other than whole in 2011. In addition to fresh milk other than whole, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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