Minneapolis/St. Paul, Minnesota prices: $20 in 2000 $28.13 in 2017

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2017 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota were 40.65% higher in 2017 versus 2000 (a $8.13 difference in value).

Between 2000 and 2017: Minneapolis/St. Paul experienced an average inflation rate of 2.03% per year. This rate of change indicates significant inflation. In other words, $20 in Minneapolis/St. Paul in the year 2000 would cost $28.13 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2000: Pricing changed by 4.16%, which is above the average yearly change in Minneapolis/St. Paul during the 2000-2017 time period. Compared to inflation for all items in 2000 (3.38%), inflation in Minneapolis/St. Paul was higher.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1988 (5.02%), 2000 (4.16%), and 1990 (4.10%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
CPI 103.100 107.000 108.400 111.600 117.200 122.000 127.000 130.400 135.000 139.200 143.600 147.000 151.900 155.400 158.300 163.300 170.100 176.500 179.600 182.700 187.900 193.100 196.200 201.247 208.958 207.889 211.728 219.339 224.459 228.811 232.013 230.567 234.145 239.239

View price changes for other categories
Wireless telephone services · Financial services · Legal services · Bananas · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 4.16%
2001 $20.75 3.76%
2002 $21.12 1.76%
2003 $21.48 1.73%
2004 $22.09 2.85%
2005 $22.70 2.77%
2006 $23.07 1.61%
2007 $23.66 2.57%
2008 $24.57 3.83%
2009 $24.44 -0.51%
2010 $24.89 1.85%
2011 $25.79 3.59%
2012 $26.39 2.33%
2013 $26.90 1.94%
2014 $27.28 1.40%
2015 $27.11 -0.62%
2016 $27.53 1.55%
2017 $28.13 2.18%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for Minneapolis/St. Paul, 2000-2017

Start with the inflation rate formula:

CPI in 2017 / CPI in 2000 * 2000 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 170.100 in the year 2000 and 239.239 in 2017:

239.239 / 170.100 * $20 = $28.13

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $28.13 in 2017 (in the CPI category of Minneapolis-St Paul, Minnesota).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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