Minneapolis/St. Paul, Minnesota prices: $5,539 in 1990 $11,568.40 in 2021

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2021 ($5,539)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 108.85% higher in 2021 versus 1990 (a $6,029.40 difference in value).

Between 1990 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, $5,539 in Minneapolis/St. Paul in the year 1990 would cost $11,568.40 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2021 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
Fresh fruits · Milk · Baby food · San Francisco, California · More

Buying power of $5,539.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,539 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$5,539.004.10%
1991$5,687.292.68%
1992$5,887.913.53%
1993$6,071.093.11%
1994$6,263.003.16%
1995$6,411.282.37%
1996$6,624.993.33%
1997$6,777.642.30%
1998$6,904.121.87%
1999$7,122.193.16%
2000$7,418.774.16%
2001$7,697.903.76%
2002$7,833.111.76%
2003$7,968.311.73%
2004$8,195.102.85%
2005$8,421.902.77%
2006$8,557.101.61%
2007$8,777.222.57%
2008$9,113.533.83%
2009$9,066.91-0.51%
2010$9,234.341.85%
2011$9,566.293.59%
2012$9,789.592.33%
2013$9,979.401.94%
2014$10,119.061.40%
2015$10,055.99-0.62%
2016$10,212.041.55%
2017$10,434.212.18%
2018$10,684.122.40%
2019$10,908.172.10%
2020$11,034.251.16%
2021$11,568.404.84%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1990 * 1990 USD value = 2021 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 265.244 in 2021:

265.244 / 127.000 * $5,539 = $11,568.40

Therefore, according to U.S. Bureau of Labor Statistics, $5,539 in 1990 has the same "purchasing power" as $11,568.40 in 2021 (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.

» Read more about inflation and investment.