Minneapolis/St. Paul, Minnesota prices: $81 in 1992 $179.91 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2024 ($81)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2024 versus 1992 (a $98.91 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, $81 in Minneapolis/St. Paul in the year 1992 would cost $179.91 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 $81.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $81 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$81.003.53%
1993$83.523.11%
1994$86.163.16%
1995$88.202.37%
1996$91.143.33%
1997$93.242.30%
1998$94.981.87%
1999$97.983.16%
2000$102.064.16%
2001$105.903.76%
2002$107.761.76%
2003$109.621.73%
2004$112.742.85%
2005$115.862.77%
2006$117.721.61%
2007$120.752.57%
2008$125.373.83%
2009$124.73-0.51%
2010$127.041.85%
2011$131.603.59%
2012$134.682.33%
2013$137.291.94%
2014$139.211.40%
2015$138.34-0.62%
2016$140.491.55%
2017$143.542.18%
2018$146.982.40%
2019$150.062.10%
2020$151.801.16%
2021$159.154.84%
2022$171.007.45%
2023$175.632.71%
2024$179.912.44%*

* 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 * $81 = $179.91

Therefore, according to U.S. Bureau of Labor Statistics, $81 in 1992 has the same "purchasing power" as $179.91 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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