Fresh milk other than whole price inflation, 2011→2023

Fresh Milk Other Than Whole Inflation Calculator

Prices for Fresh Milk Other Than Whole, 2011-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh milk other than whole are 22.27% higher in 2023 versus 2011 (a $4.45 difference in value).

Between 2011 and 2023: Fresh milk other than whole experienced an average inflation rate of 1.69% per year. In other words, fresh milk other than whole costing $20 in the year 2011 would cost $24.45 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.55% 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 2011-2023 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:

Year	USD Value	Inflation Rate
2011	$20.00	8.71%
2012	$20.26	1.29%
2013	$20.43	0.85%
2014	$21.32	4.34%
2015	$20.24	-5.06%
2016	$19.28	-4.72%
2017	$19.17	-0.61%
2018	$18.96	-1.06%
2019	$19.51	2.87%
2020	$20.50	5.08%
2021	$21.09	2.88%
2022	$24.09	14.24%
2023	$24.45	1.51%*

* 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
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	182.473

Adjust fresh milk other than whole prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2011 * 2011 USD value = 2023 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 182.473 in 2023:

182.473 / 149.243 * $20 = $24.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2011 has the same "purchasing power" as $24.45 in 2023 (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.