Minneapolis/St. Paul, Minnesota prices: $1 in 1992 $1.96 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2021 ($1)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 96.48% higher in 2021 versus 1992 (a $0.96 difference in value).

Between 1992 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.36% per year. This rate of change indicates significant inflation. In other words, $1 in Minneapolis/St. Paul in the year 1992 would cost $1.96 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.30% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2021 time period. Compared to inflation for all items in 1992 (3.03%), inflation in Minneapolis/St. Paul was higher.

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
Airline fares · Milk · Wireless telephone services · Minneapolis-St Paul, Minnesota · More

Buying power of $1.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$1.003.53%
1993$1.033.11%
1994$1.063.16%
1995$1.092.37%
1996$1.133.33%
1997$1.152.30%
1998$1.171.87%
1999$1.213.16%
2000$1.264.16%
2001$1.313.76%
2002$1.331.76%
2003$1.351.73%
2004$1.392.85%
2005$1.432.77%
2006$1.451.61%
2007$1.492.57%
2008$1.553.83%
2009$1.54-0.51%
2010$1.571.85%
2011$1.623.59%
2012$1.662.33%
2013$1.691.94%
2014$1.721.40%
2015$1.71-0.62%
2016$1.731.55%
2017$1.772.18%
2018$1.812.40%
2019$1.852.10%
2020$1.871.16%
2021$1.964.84%*

* 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 1992 * 1992 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 265.244 in 2021:

265.244 / 135.000 * $1 = $1.96

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1992 has the same "purchasing power" as $1.96 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.

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