Store bought past homogenized skim or 1% or 2% or whole cow's milk here in Houston Texas was USD3.49 per 1 US gallon last summer, now it's down to USD2.49, and yesterday I paid USD1.99! Poor farmers, hate to think what they are getting for it.
Deflation is everywhere, housing is cheaper, stocks are cheaper, oil/gasoline/petrol is cheaper, loans (interest) is cheaper, even milk and groceries are cheaper.