Milk, whole · per gallon · 1931 Estimated
This figure may be significantly off. It is projected back 64 years from the first recorded price, using general inflation. Items do not track inflation evenly — groceries in particular were far more expensive relative to other goods before modern agriculture, so a figure this old can understate the real price by two-fold or more. Use it for a sense of scale, not as a historical price.
$0.25in June 1931 — about $5.43 in today's money.
- Price in 1931$0.25
- Same money today$5.43
- Actual price now · June 2026$4.32
- Change since 1931+1659%
Price history
Record & method
No price was recorded for 1931. This figure is estimated: we took the earliest observed price (July 1995) and moved it back along the category inflation curve — a back-cast of 64 years. The further back it reaches, the less it should be trusted. Treat it as an approximation, not a historical fact.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- APU0000709112
- Estimated for
- June 1931
- Coverage
- July 1995 – June 2026
- Adjusted by
- CPIAUCNS · 15.1 → 333.952 (June 2026)
- Back-cast
- 64 years before the first record · very low confidence
- License
- Public domain