Minneapolis/St. Paul, Minnesota prices: $42,926 in 1990 $98,939.36 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($42,926)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $56,013.36 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $42,926 in Minneapolis/St. Paul in the year 1990 would cost $98,939.36 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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 $42,926.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $42,926 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$42,926.004.10%
1991$44,075.202.68%
1992$45,630.003.53%
1993$47,049.603.11%
1994$48,536.803.16%
1995$49,686.002.37%
1996$51,342.203.33%
1997$52,525.202.30%
1998$53,505.401.87%
1999$55,195.403.16%
2000$57,493.804.16%
2001$59,657.003.76%
2002$60,704.801.76%
2003$61,752.601.73%
2004$63,510.202.85%
2005$65,267.802.77%
2006$66,315.601.61%
2007$68,021.492.57%
2008$70,627.803.83%
2009$70,266.48-0.51%
2010$71,564.061.85%
2011$74,136.583.59%
2012$75,867.142.33%
2013$77,338.121.94%
2014$78,420.391.40%
2015$77,931.65-0.62%
2016$79,141.011.55%
2017$80,862.782.18%
2018$82,799.522.40%
2019$84,535.832.10%
2020$85,512.991.16%
2021$89,652.474.84%
2022$96,332.707.45%
2023$98,939.362.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $42,926 = $98,939.36

Therefore, according to U.S. Bureau of Labor Statistics, $42,926 in 1990 has the same "purchasing power" as $98,939.36 in 2023 (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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