Minneapolis/St. Paul, Minnesota prices:$31,408 in 1992$71,378.98 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2025 ($31,408)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 127.26% higher in 2025 versus 1992 (a $39,970.98 difference in value).

Between 1992 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, $31,408 in Minneapolis/St. Paul in the year 1992 would cost $71,378.98 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2025 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: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

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Buying power of $31,408.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $31,408 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$31,408.003.53%
1993$32,385.143.11%
1994$33,408.813.16%
1995$34,199.822.37%
1996$35,339.823.33%
1997$36,154.102.30%
1998$36,828.791.87%
1999$37,992.053.16%
2000$39,574.084.16%
2001$41,063.053.76%
2002$41,784.271.76%
2003$42,505.491.73%
2004$43,715.282.85%
2005$44,925.072.77%
2006$45,646.291.61%
2007$46,820.492.57%
2008$48,614.473.83%
2009$48,365.76-0.51%
2010$49,258.911.85%
2011$51,029.623.59%
2012$52,220.802.33%
2013$53,233.301.94%
2014$53,978.251.40%
2015$53,641.84-0.62%
2016$54,474.271.55%
2017$55,659.402.18%
2018$56,992.492.40%
2019$58,187.622.10%
2020$58,860.221.16%
2021$61,709.514.84%
2022$66,307.647.45%
2023$68,101.852.71%
2024$69,761.122.44%
2025$71,378.982.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1992* 1992 USD value = 2025 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 306.806 in 2025:

306.806 / 135.000* $31,408 = $71,378.98

Therefore, according to U.S. Bureau of Labor Statistics, $31,408 in 1992 has the same "purchasing power" as $71,378.98 in 2025 (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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