According to the U.S. Bureau of Labor Statistics, prices for fresh milk other than whole are 25.89% higher in 2024 versus 2016 (a $5.18 difference in value).
Between 2016 and 2024: Fresh milk other than whole experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, fresh milk other than whole costing $20 in the year 2016 would cost $25.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for fresh milk other than whole was lower.
In the year 2016: Pricing changed by -4.72%, which is significantly below the average yearly change for fresh milk other than whole during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fresh milk other than whole was much lower.
Below are calculations of equivalent buying power for Fresh milk other than whole, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | -4.72% |
| 2017 | $19.88 | -0.61% |
| 2018 | $19.67 | -1.06% |
| 2019 | $20.23 | 2.87% |
| 2020 | $21.26 | 5.08% |
| 2021 | $21.87 | 2.88% |
| 2022 | $24.98 | 14.24% |
| 2023 | $25.36 | 1.50% |
| 2024 | $25.18 | -0.72%* |
* 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 | 181.155 |