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August 2021 Highlights: U.S. simple average prices are: $3.71 per gallon for conventional whole milk, $3.67 per gallon for conventional reduced fat 2% milk, $4.15 per half gallon organic whole milk, and $4.15 per half gallon organic reduced fat 2% milk. Retail Prices for Conventional Whole Milk, Average of Three Outlets, Selected Cities, by.
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Cost Of Milk In Each State Research Summary. The state with the most expensive milk is Hawaii, where a gallon of milk costs $5.98. The state with the cheapest milk is Arizona, where a gallon of milk costs only $2.46. The average American drinks 18 gallons of milk per year. The U.S. dairy market has a market size of $98.04 billion. in 2023.
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Three years ago, in January 2021, the average cost for whole milk was $3.47 per gallon in U.S. cities. As of January 2024, the price has climbed 13.2% to $3.96 per gallon.
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February 25, 2022. February 2022 Highlights: U.S. simple average prices are: $3.88 per gallon for conventional whole milk, $3.84 per gallon for conventional reduced fat 2% milk, $4.28 per half gallon organic whole milk, and $4.28 per half gallon organic reduced fat 2% milk. As collected by Federal milk order market administrators based on a.
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The cost of a gallon of milk in 1993 was $2.86. This was the average cost. The actual costs varied in different areas of the country. Inflation has caused the prices of goods and services to rise.
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- Fresh grocery milk (1 gallon): $2.84 ($4.44 in today's dollars) Strong economic growth, stable prices for goods and services, and record-low unemployment at 4.2% made the U.S. economy look like an "Energizer Bunny on steroids," according to CNN Money. The economy grew at a rate of over 5%.
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Key Findings. Hawaii has the most expensive milk in the U.S. at $5.98 per gallon. Arizona has the least expensive milk, at $2.46 per gallon. The average cost for a gallon of milk in the U.S is $3.04. Map of the average price of whole milk in every state.
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The average price for a gallon of milk was $3.940 in February, compared to $3.958 in January, according to data published Mar. 12, 2024, by the U.S. Labor Department's Bureau of Labor Statistics ().Over a longer period and averaging the BLS's monthly pricing data for milk โ fresh, whole and fortified, a gallon was $4.03 in 2023 versus $4.09 in 2022, marking a 1.5% decrease.
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Moreover, we only look at the price of milk. The story for dairy farmers in 2007-09 and perhaps beyond is as much, if not more, about changes in the prices of inputs and farm net revenues. Figure 1. U.S. Average Monthly Price for All Grades of Farm Milk, 1910 to 2009. (not adjusted for inflation) $25.00.
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Milk. Thirty years ago, in 1988, a typical price for a gallon of milk was about $2.19.. A half-gallon of ice cream cost an average of $2.44 in mid-1988 -- in cities tracked by the U.S. Bureau.
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Cost of a new home: $147,700.00 : Cost of a new car: $ Median Household Income: $31,241.00 : Cost of a first-class stamp: $0.29 : Cost of a gallon of regular gas: $1.11 : Cost of a dozen eggs: $0.87 : Cost of a gallon of Milk: $2.86
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Food costs--from farm to retail in 1992. Shows average retail prices in dollars and cents along with the percentage of increase or decrease from previous years. Food costs - 1997, 1998, 1999. Includes average cost of peanut butter, cold cereal, milk, juice, etc. Scroll down to Appendix A on page 35 of the pdf.
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In other words, milk costing $5 in the year 1999 would cost $8.14 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for milk was lower. In the year 1999: Pricing changed by 6.20%, which is significantly above the average yearly change for milk during the 1999-2024 time period.
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Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk." Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average. Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average [APU0000709112], retrieved from FRED, Federal Reserve Bank of St.
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Retail price of milk (fresh, whole, fortified) in the United States from 1995 to 2023 (in U.S. dollars per gallon) [Graph], Bureau of Labor Statistics, January 30, 2024. [Online].
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December 2021 Highlights: U.S. simple average prices are: $3.77 per gallon for conventional whole milk, $3.74 per gallon for conventional reduced fat 2% milk, $4.24 per half gallon organic whole milk, and $4.25 per half gallon organic reduced fat 2% milk. Retail Prices for Conventional Whole Milk, Average of Three Outlets, Selected Cities, by.
