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by mikeyouse
1416 days ago
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These odd local anecdotes are so silly - the benefit of having a Federal bureaucracy tracking prices is that they keep detailed records. Here's the nominal price of a gallon of milk over the last 25 years: https://fred.stlouisfed.org/series/APU0000709112 The average in Feb 2020 was $3.19/gallon. Today it's $4.15/gallon. So roughly 30% increase since then. The average cost of a gallon of milk since the mid 1990s has never been below $2.40/gallon so maybe that $1.35 you paid was a result of a panic during the early pandemic? |
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