Minneapolis/St. Paul, Minnesota prices: $2,648 in 1990 $6,252.03 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,648)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $3,604.03 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, $2,648 in Minneapolis/St. Paul in the year 1990 would cost $6,252.03 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
Wireless telephone services · Film and photographic supplies · Wine at home · Rent of primary residence · More

Buying power of $2,648.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,648 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,648.004.10%
1991$2,718.892.68%
1992$2,814.803.53%
1993$2,902.373.11%
1994$2,994.123.16%
1995$3,065.012.37%
1996$3,167.173.33%
1997$3,240.152.30%
1998$3,300.621.87%
1999$3,404.873.16%
2000$3,546.654.16%
2001$3,680.093.76%
2002$3,744.731.76%
2003$3,809.371.73%
2004$3,917.792.85%
2005$4,026.212.77%
2006$4,090.851.61%
2007$4,196.082.57%
2008$4,356.863.83%
2009$4,334.57-0.51%
2010$4,414.611.85%
2011$4,573.303.59%
2012$4,680.062.33%
2013$4,770.801.94%
2014$4,837.561.40%
2015$4,807.41-0.62%
2016$4,882.021.55%
2017$4,988.232.18%
2018$5,107.702.40%
2019$5,214.812.10%
2020$5,275.091.16%
2021$5,530.444.84%
2022$5,942.537.45%
2023$6,103.332.71%
2024$6,252.032.44%*

* 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 * $2,648 = $6,252.03

Therefore, according to U.S. Bureau of Labor Statistics, $2,648 in 1990 has the same "purchasing power" as $6,252.03 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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