Fresh milk other than whole priced at $20 in 1997 $31.18 in 2021

Fresh Milk Other Than Whole Inflation Calculator

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Prices for Fresh Milk Other Than Whole, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh milk other than whole were 55.90% higher in 2021 versus 1997 (a $11.18 difference in value).

Between 1997 and 2021: Fresh milk other than whole experienced an average inflation rate of 1.87% per year. In other words, fresh milk other than whole costing $20 in the year 1997 would cost $31.18 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for fresh milk other than whole was lower.

Price Inflation for Fresh milk other than whole since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (-11%), 2004 (10.61%), and 2007 (10.58%).

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
CPI 100.000 101.315 108.269 108.938 113.215 111.800 113.400 125.431 128.485 127.508 141.000 149.409 132.972 137.282 149.243 151.172 152.455 159.073 151.031 143.899 143.015 141.500 145.554 152.948 155.903

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Buying power of $20 since 1997

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 $31.18 1.93%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fresh milk other than whole, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Fresh milk other than whole was 100.000 in the year 1997 and 155.903 in 2021:

155.903 / 100.000 * $20 = $31.18

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $31.18 in 2021 (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 1997. 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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