Minneapolis/St. Paul, Minnesota prices: $1,152 in 1990 $2,719.92 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($1,152)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,567.92 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $1,152 in Minneapolis/St. Paul in the year 1990 would cost $2,719.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2024 time period. Compared to inflation for all items in 1990 (5.40%), 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
Parking fees and tolls · Dental services · Atlanta, Georgia · Bananas · More

Buying power of $1,152.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,152 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,152.004.10%
1991$1,182.842.68%
1992$1,224.573.53%
1993$1,262.663.11%
1994$1,302.583.16%
1995$1,333.422.37%
1996$1,377.863.33%
1997$1,409.612.30%
1998$1,435.921.87%
1999$1,481.273.16%
2000$1,542.954.16%
2001$1,601.013.76%
2002$1,629.131.76%
2003$1,657.251.73%
2004$1,704.422.85%
2005$1,751.582.77%
2006$1,779.701.61%
2007$1,825.482.57%
2008$1,895.433.83%
2009$1,885.73-0.51%
2010$1,920.561.85%
2011$1,989.593.59%
2012$2,036.042.33%
2013$2,075.511.94%
2014$2,104.561.40%
2015$2,091.44-0.62%
2016$2,123.901.55%
2017$2,170.102.18%
2018$2,222.082.40%
2019$2,268.682.10%
2020$2,294.901.16%
2021$2,405.994.84%
2022$2,585.277.45%
2023$2,655.222.71%
2024$2,719.922.44%*

* 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 1990 * 1990 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 299.852 in 2024:

299.852 / 127.000 * $1,152 = $2,719.92

Therefore, according to U.S. Bureau of Labor Statistics, $1,152 in 1990 has the same "purchasing power" as $2,719.92 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.

» Read more about inflation and investment.