Minneapolis/St. Paul, Minnesota prices: $12.24 in 1990 $28.90 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($12.24)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $16.66 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, $12.24 in Minneapolis/St. Paul in the year 1990 would cost $28.90 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
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Buying power of $12.24 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $12.24 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$12.244.10%
1991$12.572.68%
1992$13.013.53%
1993$13.423.11%
1994$13.843.16%
1995$14.172.37%
1996$14.643.33%
1997$14.982.30%
1998$15.261.87%
1999$15.743.16%
2000$16.394.16%
2001$17.013.76%
2002$17.311.76%
2003$17.611.73%
2004$18.112.85%
2005$18.612.77%
2006$18.911.61%
2007$19.402.57%
2008$20.143.83%
2009$20.04-0.51%
2010$20.411.85%
2011$21.143.59%
2012$21.632.33%
2013$22.051.94%
2014$22.361.40%
2015$22.22-0.62%
2016$22.571.55%
2017$23.062.18%
2018$23.612.40%
2019$24.102.10%
2020$24.381.16%
2021$25.564.84%
2022$27.477.45%
2023$28.212.71%
2024$28.902.44%*

* 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 * $12.24 = $28.90

Therefore, according to U.S. Bureau of Labor Statistics, $12.24 in 1990 has the same "purchasing power" as $28.90 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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