Minneapolis/St. Paul, Minnesota prices: $24,647.52 in 1990 $58,193.77 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($24,647.52)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $33,546.25 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, $24,647.52 in Minneapolis/St. Paul in the year 1990 would cost $58,193.77 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 $24,647.52 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $24,647.52 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$24,647.524.10%
1991$25,307.372.68%
1992$26,200.123.53%
1993$27,015.233.11%
1994$27,869.163.16%
1995$28,529.022.37%
1996$29,479.993.33%
1997$30,159.252.30%
1998$30,722.071.87%
1999$31,692.443.16%
2000$33,012.154.16%
2001$34,254.233.76%
2002$34,855.861.76%
2003$35,457.501.73%
2004$36,466.692.85%
2005$37,475.872.77%
2006$38,077.511.61%
2007$39,057.002.57%
2008$40,553.523.83%
2009$40,346.05-0.51%
2010$41,091.101.85%
2011$42,568.213.59%
2012$43,561.872.33%
2013$44,406.491.94%
2014$45,027.911.40%
2015$44,747.28-0.62%
2016$45,441.681.55%
2017$46,430.302.18%
2018$47,542.352.40%
2019$48,539.312.10%
2020$49,100.381.16%
2021$51,477.224.84%
2022$55,312.927.45%
2023$56,809.622.71%
2024$58,193.772.44%*

* 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 * $24,647.52 = $58,193.77

Therefore, according to U.S. Bureau of Labor Statistics, $24,647.52 in 1990 has the same "purchasing power" as $58,193.77 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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