Minneapolis/St. Paul, Minnesota prices: $82 in 1989 $201.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2024 ($82)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2024 versus 1989 (a $119.54 difference in value).

Between 1989 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, $82 in Minneapolis/St. Paul in the year 1989 would cost $201.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.

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: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Dental services · Women's apparel · Educational books and supplies · Public transportation · More

Buying power of $82.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $82 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$82.004.10%
1990$85.364.10%
1991$87.652.68%
1992$90.743.53%
1993$93.563.11%
1994$96.523.16%
1995$98.802.37%
1996$102.103.33%
1997$104.452.30%
1998$106.401.87%
1999$109.763.16%
2000$114.334.16%
2001$118.633.76%
2002$120.711.76%
2003$122.801.73%
2004$126.292.85%
2005$129.792.77%
2006$131.871.61%
2007$135.262.57%
2008$140.453.83%
2009$139.73-0.51%
2010$142.311.85%
2011$147.423.59%
2012$150.872.33%
2013$153.791.94%
2014$155.941.40%
2015$154.97-0.62%
2016$157.381.55%
2017$160.802.18%
2018$164.652.40%
2019$168.102.10%
2020$170.051.16%
2021$178.284.84%
2022$191.567.45%
2023$196.752.71%
2024$201.542.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 299.852 in 2024:

299.852 / 122.000 * $82 = $201.54

Therefore, according to U.S. Bureau of Labor Statistics, $82 in 1989 has the same "purchasing power" as $201.54 in 2024 (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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