Minneapolis/St. Paul, Minnesota prices: $4,725 in 1990 $11,155.91 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($4,725)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $6,430.91 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, $4,725 in Minneapolis/St. Paul in the year 1990 would cost $11,155.91 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%).

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Buying power of $4,725.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $4,725 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$4,725.004.10%
1991$4,851.502.68%
1992$5,022.643.53%
1993$5,178.903.11%
1994$5,342.603.16%
1995$5,469.092.37%
1996$5,651.403.33%
1997$5,781.612.30%
1998$5,889.511.87%
1999$6,075.533.16%
2000$6,328.524.16%
2001$6,566.633.76%
2002$6,681.971.76%
2003$6,797.301.73%
2004$6,990.772.85%
2005$7,184.232.77%
2006$7,299.571.61%
2007$7,487.342.57%
2008$7,774.223.83%
2009$7,734.45-0.51%
2010$7,877.281.85%
2011$8,160.453.59%
2012$8,350.942.33%
2013$8,512.851.94%
2014$8,631.981.40%
2015$8,578.18-0.62%
2016$8,711.301.55%
2017$8,900.822.18%
2018$9,114.002.40%
2019$9,305.122.10%
2020$9,412.681.16%
2021$9,868.334.84%
2022$10,603.647.45%
2023$10,890.572.71%
2024$11,155.912.44%*

* 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 * $4,725 = $11,155.91

Therefore, according to U.S. Bureau of Labor Statistics, $4,725 in 1990 has the same "purchasing power" as $11,155.91 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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