Minneapolis/St. Paul, Minnesota prices: $1,895 in 1990 $4,474.17 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,895)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,579.17 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, $1,895 in Minneapolis/St. Paul in the year 1990 would cost $4,474.17 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
Airline fares · Fish and seafood · Bread · Women's apparel · More

Buying power of $1,895.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,895 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,895.004.10%
1991$1,945.732.68%
1992$2,014.373.53%
1993$2,077.043.11%
1994$2,142.693.16%
1995$2,193.432.37%
1996$2,266.543.33%
1997$2,318.762.30%
1998$2,362.041.87%
1999$2,436.643.16%
2000$2,538.114.16%
2001$2,633.603.76%
2002$2,679.861.76%
2003$2,726.111.73%
2004$2,803.702.85%
2005$2,881.302.77%
2006$2,927.551.61%
2007$3,002.862.57%
2008$3,117.923.83%
2009$3,101.97-0.51%
2010$3,159.251.85%
2011$3,272.813.59%
2012$3,349.212.33%
2013$3,414.151.94%
2014$3,461.931.40%
2015$3,440.35-0.62%
2016$3,493.741.55%
2017$3,569.752.18%
2018$3,655.252.40%
2019$3,731.902.10%
2020$3,775.031.16%
2021$3,957.774.84%
2022$4,252.687.45%
2023$4,367.752.71%
2024$4,474.172.44%*

* 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 * $1,895 = $4,474.17

Therefore, according to U.S. Bureau of Labor Statistics, $1,895 in 1990 has the same "purchasing power" as $4,474.17 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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