SWFL milk prices climbing despite slowing inflation

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.

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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.