Minneapolis/St. Paul, Minnesota prices: $94.99 in 1991 $218.43 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($94.99)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $123.44 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, $94.99 in Minneapolis/St. Paul in the year 1991 would cost $218.43 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
New trucks · Televisions · College tuition and fees · Housing · More

Buying power of $94.99 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $94.99 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$94.992.68%
1992$98.343.53%
1993$101.403.11%
1994$104.613.16%
1995$107.082.37%
1996$110.653.33%
1997$113.202.30%
1998$115.311.87%
1999$118.963.16%
2000$123.914.16%
2001$128.573.76%
2002$130.831.76%
2003$133.091.73%
2004$136.882.85%
2005$140.662.77%
2006$142.921.61%
2007$146.602.57%
2008$152.223.83%
2009$151.44-0.51%
2010$154.231.85%
2011$159.783.59%
2012$163.512.33%
2013$166.681.94%
2014$169.011.40%
2015$167.96-0.62%
2016$170.561.55%
2017$174.272.18%
2018$178.452.40%
2019$182.192.10%
2020$184.301.16%
2021$193.224.84%
2022$207.617.45%
2023$213.232.71%
2024$218.432.44%*

* 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 * $94.99 = $218.43

Therefore, according to U.S. Bureau of Labor Statistics, $94.99 in 1991 has the same "purchasing power" as $218.43 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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