Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in U.S. City Average
This dataset tracks average price: milk, fresh, low-fat, reduced fat, skim (cost per gallon/3.8 liters) in u.s. city average over time.
Latest Value
3.59
Year-over-Year Change
-3.00%
Date Range
4/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of low-fat, reduced-fat, and skim milk per gallon in the U.S. city average. It is an important indicator of consumer prices and household purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in U.S. City Average represents the typical retail price paid by consumers for these common milk varieties across major U.S. urban areas. This data point is widely used by economists and policymakers to analyze trends in consumer spending and the cost of living.
Methodology
The U.S. Bureau of Labor Statistics collects this data through consumer price surveys conducted in urban areas.
Historical Context
This milk price index is a key input for measuring inflation and guiding monetary policy decisions.
Key Facts
- Milk prices have risen over 30% in the past decade.
- Skim milk accounts for about 20% of total milk sales in the U.S.
- Dairy is one of the top 10 spending categories for American households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of low-fat, reduced-fat, and skim milk per gallon in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This milk price index is an important indicator of consumer spending, inflation, and household purchasing power.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through consumer price surveys in urban areas.
Q: How is this trend used in economic policy?
A: Milk prices are a key input for measuring inflation and guiding monetary policy decisions by the Federal Reserve.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insight into consumer price trends.
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Citation
U.S. Bureau of Labor Statistics, Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in U.S. City Average (APU0000FJ1101), retrieved from FRED.