Minneapolis/St. Paul, Minnesota prices: $2,499 in 1990 $5,900.24 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,499)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $3,401.24 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, $2,499 in Minneapolis/St. Paul in the year 1990 would cost $5,900.24 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
Bananas · Airline fares · Minneapolis-St Paul, Minnesota · Frankfurters · More

Buying power of $2,499.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,499 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,499.004.10%
1991$2,565.902.68%
1992$2,656.423.53%
1993$2,739.063.11%
1994$2,825.643.16%
1995$2,892.542.37%
1996$2,988.963.33%
1997$3,057.832.30%
1998$3,114.901.87%
1999$3,213.283.16%
2000$3,347.094.16%
2001$3,473.023.76%
2002$3,534.021.76%
2003$3,595.021.73%
2004$3,697.342.85%
2005$3,799.662.77%
2006$3,860.661.61%
2007$3,959.972.57%
2008$4,111.703.83%
2009$4,090.67-0.51%
2010$4,166.211.85%
2011$4,315.973.59%
2012$4,416.722.33%
2013$4,502.351.94%
2014$4,565.361.40%
2015$4,536.90-0.62%
2016$4,607.311.55%
2017$4,707.552.18%
2018$4,820.302.40%
2019$4,921.382.10%
2020$4,978.261.16%
2021$5,219.254.84%
2022$5,608.157.45%
2023$5,759.902.71%
2024$5,900.242.44%*

* 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 * $2,499 = $5,900.24

Therefore, according to U.S. Bureau of Labor Statistics, $2,499 in 1990 has the same "purchasing power" as $5,900.24 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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