SWFL milk prices climbing despite slowing inflation

Published: May 11, 2022 3:11 PM EDT
Updated: May 11, 2022 3:48 PM EDT

Inflation may be slowing down just a little bit, but dairy prices continue to go up. Milk products cost you 9% more now than they did a year ago.

Now might be the time to cry over spilled milk because a gallon costs more than it did last month.

RELATED: Hardee County dairy farm explains why price of milk keeps rising

FGCU Professor, Dr. Victor Claar, says your glass of milk is looking half empty. “Inflation is bad. It doesn’t seem to be getting better anytime soon,” said Claar.

For almost a year, WINK News has kept track of milk prices at local Publix, Walmart and Target stores. The price for a gallon went up at all three in May.

At Walmart, it will cost you an extra 26 cents, or $4.29. In April, that same gallon cost $4.03.

Target’s Good and Gather brand milk is $4.19, a 20-cent increase from last month.

Publix was the most expensive at $4.90.

“Prices will continue to rise. I think the best we can hope for at this point is that they rise a little less slowly than they have been lately,” said Claar.

Get ready for that spilled cup to cost more. The Federal Reserve raised interest rates by half a percent last week to help taper inflation.

Dr. Claar expects them to raise the rate again at their next meeting.