Minneapolis/St. Paul, Minnesota prices: $84 in 1991 $193.16 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($84)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $109.16 difference in value).

Between 1991 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, $84 in Minneapolis/St. Paul in the year 1991 would cost $193.16 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1991: Pricing changed by 2.68%, which is above the average yearly change in Minneapolis/St. Paul during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), 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 $84.00 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $84 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$84.002.68%
1992$86.963.53%
1993$89.673.11%
1994$92.503.16%
1995$94.692.37%
1996$97.853.33%
1997$100.102.30%
1998$101.971.87%
1999$105.193.16%
2000$109.574.16%
2001$113.703.76%
2002$115.691.76%
2003$117.691.73%
2004$121.042.85%
2005$124.392.77%
2006$126.391.61%
2007$129.642.57%
2008$134.603.83%
2009$133.92-0.51%
2010$136.391.85%
2011$141.293.59%
2012$144.592.33%
2013$147.391.94%
2014$149.461.40%
2015$148.52-0.62%
2016$150.831.55%
2017$154.112.18%
2018$157.802.40%
2019$161.112.10%
2020$162.971.16%
2021$170.864.84%
2022$183.597.45%
2023$188.562.71%
2024$193.162.44%*

* 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 1991 * 1991 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 130.400 in the year 1991 and 299.852 in 2024:

299.852 / 130.400 * $84 = $193.16

Therefore, according to U.S. Bureau of Labor Statistics, $84 in 1991 has the same "purchasing power" as $193.16 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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