The Price of Milk

 

In 1930, the average price of a gallon of milk was **$0.26**. In 2023, the average price of a gallon of milk was **$4.34**. This represents a significant increase of **1,553.85%** over the course of 93 years.

It's important to note that this is just a comparison of nominal prices, and doesn't take inflation into account. To get a more accurate picture of how the price of milk has changed, we would need to compare the prices adjusted for inflation.

Even when adjusted for inflation, the price of milk has still increased significantly since 1930. According to the Bureau of Labor Statistics, a gallon of milk cost the equivalent of **$1.09** in today's dollars in 1930. This means that the price of milk has increased by roughly **297.25%** after adjusting for inflation.