What was the average price of milk in 2004?

$3.73
With the increase in milk and butterfat, retailers increased the price of their whole milk to an average of $3.73 in May 2004. The retail margins, as compared to those in June of 2003, actually went down about six cents per gallon on whole milk.

How much was a gallon of milk in 2005?

2005: $3.20 per gallon.

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’s the average price of a gallon of milk?

The average price in the U.S. of a gallon of milk was $3.37 in February 2021 compared to $3.47 in January, according to data published March 10 by the U.S. Labor Department’s Bureau of Labor Statistics ( BLS ).

What was the price of milk in 1940?

1940: 52¢ per gallon. In 1940, a new federal law required schools to provide all children with affordable milk. The demand for milk went up, and milk prices went up, too. Have a taste of the ’40s with this collection of vintage recipes. 1945: 63¢ per gallon

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.

What was the cost of a gallon of milk in 2007?

“In 2007, the all-milk price is forecast to average a record $18.55 to $18.95 per cwt, and then decline to $17.90 to $18.90 per cwt in 2008,” the USDA said. How much is gas a gallon? The average U.S. price of regular-grade gasoline is up 6 cents a gallon (3.8 liters) over the past two weeks, to $2.50.

What was the price of milk in 1975?

1975: $1.57 per gallon. Inflation reached unusually high levels in the mid to late 1970s. Though milk prices went up, they thankfully did not keep up with the rate of inflation (that would’ve meant that milk cost a whopping $1.85 per gallon in 1975). The federal government began requiring nutrition labels on all foods, including milk.