Minneapolis/St. Paul, Minnesota prices: $26,400 in 1990 $62,331.44 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($26,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $35,931.44 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, $26,400 in Minneapolis/St. Paul in the year 1990 would cost $62,331.44 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
Women's apparel · Fresh fruits · Film and photographic supplies · Housing · More

Buying power of $26,400.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $26,400 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$26,400.004.10%
1991$27,106.772.68%
1992$28,062.993.53%
1993$28,936.063.11%
1994$29,850.713.16%
1995$30,557.482.37%
1996$31,576.063.33%
1997$32,303.622.30%
1998$32,906.461.87%
1999$33,945.833.16%
2000$35,359.374.16%
2001$36,689.763.76%
2002$37,334.171.76%
2003$37,978.581.73%
2004$39,059.532.85%
2005$40,140.472.77%
2006$40,784.881.61%
2007$41,834.022.57%
2008$43,436.943.83%
2009$43,214.72-0.51%
2010$44,012.751.85%
2011$45,594.883.59%
2012$46,659.192.33%
2013$47,563.861.94%
2014$48,229.471.40%
2015$47,928.89-0.62%
2016$48,672.661.55%
2017$49,731.572.18%
2018$50,922.692.40%
2019$51,990.542.10%
2020$52,591.501.16%
2021$55,137.344.84%
2022$59,245.767.45%
2023$60,848.882.71%
2024$62,331.442.44%*

* 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 * $26,400 = $62,331.44

Therefore, according to U.S. Bureau of Labor Statistics, $26,400 in 1990 has the same "purchasing power" as $62,331.44 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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