Minneapolis/St. Paul, Minnesota prices: $1,873 in 1990 $4,422.23 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,873)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,549.23 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, $1,873 in Minneapolis/St. Paul in the year 1990 would cost $4,422.23 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
Food · Bread · Minneapolis-St Paul, Minnesota · Televisions · More

Buying power of $1,873.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,873 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,873.004.10%
1991$1,923.142.68%
1992$1,990.983.53%
1993$2,052.933.11%
1994$2,117.823.16%
1995$2,167.962.37%
1996$2,240.233.33%
1997$2,291.842.30%
1998$2,334.611.87%
1999$2,408.353.16%
2000$2,508.644.16%
2001$2,603.033.76%
2002$2,648.751.76%
2003$2,694.471.73%
2004$2,771.162.85%
2005$2,847.842.77%
2006$2,893.561.61%
2007$2,968.002.57%
2008$3,081.723.83%
2009$3,065.95-0.51%
2010$3,122.571.85%
2011$3,234.823.59%
2012$3,310.332.33%
2013$3,374.511.94%
2014$3,421.741.40%
2015$3,400.41-0.62%
2016$3,453.181.55%
2017$3,528.302.18%
2018$3,612.812.40%
2019$3,688.572.10%
2020$3,731.211.16%
2021$3,911.834.84%
2022$4,203.317.45%
2023$4,317.042.71%
2024$4,422.232.44%*

* 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 * $1,873 = $4,422.23

Therefore, according to U.S. Bureau of Labor Statistics, $1,873 in 1990 has the same "purchasing power" as $4,422.23 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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