Fresh milk other than whole priced at $20 in 2011 $24.23 in 2024

Fresh Milk Other Than Whole Inflation Calculator

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Prices for Fresh Milk Other Than Whole, 2011-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh milk other than whole are 21.17% higher in 2024 versus 2011 (a $4.23 difference in value).

Between 2011 and 2024: Fresh milk other than whole experienced an average inflation rate of 1.49% per year. In other words, fresh milk other than whole costing $20 in the year 2011 would cost $24.23 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for fresh milk other than whole was lower.

In the year 2011: Pricing changed by 8.71%, which is significantly above the average yearly change for fresh milk other than whole during the 2011-2024 time period. Compared to inflation for all items in 2011 (3.16%), inflation for fresh milk other than whole was much higher.

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: 2022 (14.24%), 2009 (-11%), and 2004 (10.61%).

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Buying power of $20.00 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:

YearUSD ValueInflation Rate
2011$20.008.71%
2012$20.261.29%
2013$20.430.85%
2014$21.324.34%
2015$20.24-5.06%
2016$19.28-4.72%
2017$19.17-0.61%
2018$18.96-1.06%
2019$19.512.87%
2020$20.505.08%
2021$21.092.88%
2022$24.0914.24%
2023$24.451.50%
2024$24.23-0.89%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.315108.269108.938113.215111.800113.400125.431128.485127.508141.000149.409132.972137.282149.243151.172152.455159.073151.031143.899143.015141.500145.554152.948157.349179.761182.464180.838

Adjust fresh milk other than whole prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2011 * 2011 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh milk other than whole was 149.243 in the year 2011 and 180.838 in 2024:

180.838 / 149.243 * $20 = $24.23

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2011 has the same "purchasing power" as $24.23 in 2024 (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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