How much did milk cost in 1987?

In 1987, farmers were paid an average of $1.07 for a gallon of milk.

What was the price of milk in 1997?

According to the U.S. Bureau of Labor Statistics, prices for milk were 50.29% higher in 2021 versus 1997 (a $2.51 difference in value). Between 1997 and 2021: Milk experienced an average inflation rate of 1.71% per year . In other words, milk costing $5 in the year 1997 would cost $7.51 in 2021 for an equivalent purchase.

What was the cost of a gallon of milk in 1985?

A half-gallon of milk cost $1.09 circa 1985, according to the U.S. Bureau of Labor Statistics. That price jumps to $2.56 when adjusted for inflation.

What was the price of whole milk in 1939?

In other words, fresh whole milk costing $20 in the year 1939 would cost $233.55 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation for fresh whole milk was lower.

What was the price of milk during the Great Depression?

In the Roaring ’20s, milk was 35¢ or so per gallon. But when the Great Depression hit in 1929, fewer people could afford milk and dairy farmers still had a lot of milk to sell. The price dropped from 35¢ per gallon to 26¢ per gallon.

A half-gallon of milk cost $1.09 circa 1985, according to the U.S. Bureau of Labor Statistics. That price jumps to $2.56 when adjusted for inflation.

What was the price of milk in 1970?

This meant schoolchildren all over the country drank more milk, which raised prices in the short term but also motivated dairy farmers to increase production. By 1970, milk prices had reached $1.32 per gallon, right on par with the rate of inflation.

What’s the price of a gallon of milk?

2018: $2.90 per gallon. The demand for milk has fallen off in recent years. People are drinking less of all kinds of milk, both whole and low-fat. As the dairy industry considers ways to reverse the trend, we’ll keep an eye on all dairy prices and let you know what’s happening.