Minneapolis/St. Paul, Minnesota prices: $780 in 1992 $1,732.48 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2024 ($780)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2024 versus 1992 (a $952.48 difference in value).

Between 1992 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $780 in Minneapolis/St. Paul in the year 1992 would cost $1,732.48 in 2024 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 1992-2024 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%).

View price changes for other categories
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Buying power of $780.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $780 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$780.003.53%
1993$804.273.11%
1994$829.693.16%
1995$849.332.37%
1996$877.643.33%
1997$897.872.30%
1998$914.621.87%
1999$943.513.16%
2000$982.804.16%
2001$1,019.783.76%
2002$1,037.691.76%
2003$1,055.601.73%
2004$1,085.642.85%
2005$1,115.692.77%
2006$1,133.601.61%
2007$1,162.762.57%
2008$1,207.313.83%
2009$1,201.14-0.51%
2010$1,223.321.85%
2011$1,267.293.59%
2012$1,296.872.33%
2013$1,322.021.94%
2014$1,340.521.40%
2015$1,332.16-0.62%
2016$1,352.841.55%
2017$1,382.272.18%
2018$1,415.382.40%
2019$1,445.062.10%
2020$1,461.761.16%
2021$1,532.524.84%
2022$1,646.717.45%
2023$1,691.272.71%
2024$1,732.482.44%*

* 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 1992 * 1992 USD value = 2024 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 299.852 in 2024:

299.852 / 135.000 * $780 = $1,732.48

Therefore, according to U.S. Bureau of Labor Statistics, $780 in 1992 has the same "purchasing power" as $1,732.48 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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