Minneapolis/St. Paul, Minnesota prices: $5,612 in 1990 $13,250.15 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($5,612)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $7,638.15 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, $5,612 in Minneapolis/St. Paul in the year 1990 would cost $13,250.15 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
Admission to sporting events · Public transportation · Food · Juices and nonalcoholic drinks · More

Buying power of $5,612.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $5,612 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$5,612.004.10%
1991$5,762.242.68%
1992$5,965.513.53%
1993$6,151.113.11%
1994$6,345.543.16%
1995$6,495.782.37%
1996$6,712.313.33%
1997$6,866.972.30%
1998$6,995.111.87%
1999$7,216.063.16%
2000$7,516.544.16%
2001$7,799.353.76%
2002$7,936.341.76%
2003$8,073.331.73%
2004$8,303.112.85%
2005$8,532.892.77%
2006$8,669.881.61%
2007$8,892.902.57%
2008$9,233.643.83%
2009$9,186.40-0.51%
2010$9,356.041.85%
2011$9,692.373.59%
2012$9,918.612.33%
2013$10,110.921.94%
2014$10,252.421.40%
2015$10,188.52-0.62%
2016$10,346.631.55%
2017$10,571.732.18%
2018$10,824.932.40%
2019$11,051.932.10%
2020$11,179.681.16%
2021$11,720.864.84%
2022$12,594.217.45%
2023$12,935.002.71%
2024$13,250.152.44%*

* 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 * $5,612 = $13,250.15

Therefore, according to U.S. Bureau of Labor Statistics, $5,612 in 1990 has the same "purchasing power" as $13,250.15 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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