Minneapolis/St. Paul, Minnesota prices: $89 in 1991 $204.65 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($89)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $115.65 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, $89 in Minneapolis/St. Paul in the year 1991 would cost $204.65 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 $89.00 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $89 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$89.002.68%
1992$92.143.53%
1993$95.013.11%
1994$98.013.16%
1995$100.332.37%
1996$103.673.33%
1997$106.062.30%
1998$108.041.87%
1999$111.453.16%
2000$116.104.16%
2001$120.463.76%
2002$122.581.76%
2003$124.701.73%
2004$128.242.85%
2005$131.792.77%
2006$133.911.61%
2007$137.352.57%
2008$142.623.83%
2009$141.89-0.51%
2010$144.511.85%
2011$149.703.59%
2012$153.202.33%
2013$156.171.94%
2014$158.351.40%
2015$157.37-0.62%
2016$159.811.55%
2017$163.282.18%
2018$167.202.40%
2019$170.702.10%
2020$172.671.16%
2021$181.034.84%
2022$194.527.45%
2023$199.792.71%
2024$204.652.44%*

* 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 * $89 = $204.65

Therefore, according to U.S. Bureau of Labor Statistics, $89 in 1991 has the same "purchasing power" as $204.65 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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